Brief: French company MND concludes 38 mln euros financing deal with French state and others

Montagne et Neige Developpement SA

07/08/2020 08:51

Aug 7 (Reuters) - Montagne et Neige Developpement SA
 ALMND.PA :
    * MND CONCLUDED EUR 38 MILLION IN NEW FINANCING FROM THE
FRENCH
STATE AND THE AUVERGNE-RHÔNE-ALPES REGION, AS WELL AS FROM ITS
FINANCIAL PARTNER CHEYNE CAPITAL
    * EUR1 8 million loan from the French State
counter-guaranteed at
50% by the Auvergne-Rhône-Alpes Region
    * New EUR20 million senior loan from Cheyne Capital,
financial
partner of MND
    * Company says new financing will support and accelerate the
group's global development plan built around the production of «
made in France » cable transport, snowmaking, safety and leisure
solutions

Source text for Eikon:  ID:nACT64679 
Further company coverage:  ALMND.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))