The European Bank for Reconstruction and Development scheduled a meeting for provision of USD 125mln facility for the world agricultural major Olam to financing the company’s activities in Georgia, Egypt, Poland, Turkey and Ukraine on November 16 this year. The total project cost of Olam amounts to USD 185mln. The raised funds will be channeled to finance working capital of the company for processing, storage and transportation of agricultural commodities in the project countries. At this, Olam plans to construct a seaport grain terminal in Ukraine. Olam International Ltd. occupies leading positions in agribusiness in many countries of the world. The company has its representative offices in 65 countries.
Olam Ukraine is the largest supplier of cocoa beans and cocoa products into Ukraine, as well as one of the leading exporter of grains and dried dairy products.