EBRD extends 25 mln euros loan to copper producer Sofia Med

Elvalhalcor Hellenic Copper and Aluminium Industry SA

07/01/2019 12:25

SOFIA, Jan 7 (Reuters) - The European Bank for
Reconstruction and Development (EBRD) has extended a 25 million
euros ($28.6 million) loan to Bulgarian copper producer Sofia
Med, unit of Greek Elvalhalcor  ELHA.AT , the bank said on
Monday.
    Several banks are extending parallel financing as part of a
85 million euro long-term joint financing package that will help
Sofia Med set up a new research and development unit and develop
new higher value added copper products, the EBRD said in a
statement.
($1 = 0.8745 euros)

 (Reporting by Angel Krasimirov, editing by Tsvetelia Tsolova)
 ((angel.krasimirov@thomsonreuters.com; +359 888 695 510;))