ArcelorMittal Kryvyi Rih plans to attract EUR 350mln loan from the EBRD for its capital investment plans. The executive board of the EBRD will hold a meeting on the issue on October 4, 2017, the official web site of the financial institution reads. The facility is aimed at supporting the USD 1.1bn capital investment plan of domestic metallurgy major ArcelorMittal Kryvyi Rih. The EBRD will allocate EUR 200mln while EUR 150mln will be a syndicated loan from other commercial lenders. The funds are expected to increase the energy efficiency of operations, competitiveness of the enterprise and solve ecology related issues. ArcelorMittal S.A. from Luxembourg will be the recipient of the facility and then the funds will be channeled into ArcelorMittal Kryvyi Rih in Ukraine. ArcelorMittal S.A. holds 95.13% shares of ArcelorMittal Kryvyi Rih .
