EBRD offers IKEA USD 100 mln loan for Ukraine stores October 15, 2007
The European Bank for Reconstruction and Development (EBRD) will provide the Swedish company IKEA with a USD 100 million debt facility consisting of up to four loans to finance land acquisition and construction of MEGA shopping centres in Ukraine.
According to EBRD, MEGA Shopping Centres - developed and anchored by IKEA in several Ukrainian regions - would be the first of their kind in the country. The European bank announced the total project cost is about USD 414 million.
Per Kaufman, IKEA’s CEO in Russia and CIS, recently said that IKEA is in the process of acquiring land near Odessa.
This news was prepared by the Editorial Board of the "Russian Forestry Review" magazine www.RussianForestryReview.com
