Brief: Krynica Vitamin's Investment In Lodz Qualifies For Subsidy

Krynica Vitamin SA

05/01/2022 07:12

Jan 5(Reuters) - Krynica Vitamin SA  KVT.WA :
    * SAID ON TUESDAY IT HAS QUALIFIED FOR SUBSIDY FROM LODZ
SPECIAL
ECONOMIC ZONE
    * THE POSSIBLE AMOUNT OF SUBSIDY PAYABLE TO THE COMPANY MAY
REACH
BETWEEN EUR 22.1 MILLION AND EUR 26.1 MILLION MAXIMUM
    * THE SUBSIDY REGARDS INVESTMENT IN ZLOBNICA
    * ALLOCATION OF THE GRANT IS CONDITIONAL UPON THE COMPANY
BEARING
AT LEAST EUR 76.5 MILLION OF QUALIFIED COSTS BY DECEMBER 31,
2026
    * MAXIMUM AMOUNT OF INVESTMENT'S QUALIFIED COSTS WILL AMOUNT
TO
EUR 99.5 MILLION

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2jDJF7a
 Further company coverage:  KVT.WA  

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