Agroton attracts USD 10 million from DRGN Limited
2011-04-18 16:10:15
Agroton Agro-Industrial Holding (Luhansk, eastern Ukraine) early this year attracted a USD 10 million loan from Cyprus-based DRGN Limited affiliated with a leading Ukrainian investment company Dragon Capital, the holding's press service has reported.
The loan rate is 12%, and the maturity date is December 15, 2011.
Agroton managed to reach agreement with Bank Forum to extend two loan agreements worth USD 4.44 million and USD 5.32 million from February 15 to June 2. The company on February 15 repaid a USD 1.08 million loan to the bank.
Agroton is one of the largest agricultural producers in eastern Ukraine, operating in Ukraine since 1992. The company controls grain elevators capable of storing 235,000 tons of grain.