European Bank for Reconstruction and Development (EBRD) is providing the Ukrainian manufacturer of ceramic tiles and sanitary ware Ltd. Tsersanit Invest, the Ukrainian daughter Polish Cersanit, a loan in the amount of EUR20 million to expand production.

As stated in the message Cersanit on the Warsaw Stock Exchange, an agreement was signed on Tuesday.

According to him, the maturity of the loan - December 5, 2016, bid on it equal to EURIBOR plus a margin.

Cersanit notes that the credit would increase the Ukrainian power to issue tile from 7 to 12 million square meters. m and from 1 to 2 million pieces of sanitary ware.

Polish company added that in view of the total loan funding for its Ukrainian daughter EBRD reach EUR100, 78 million

Cersanit said that the loan will be provided through Cersanit Cyprus Limited, a mortgage on it will become assets Ltd. Tsersanit Invest and Tsersanit Ukraine.

Bank supported the expansion of the company Cersanit Ukraine credit of EUR81 million in overall investments in the construction of two rounds of the company amount to approximately EUR120 million

Cersanit S.A. listed on the Warsaw Stock Exchange and is the largest Polish manufacturer of ceramic tiles, sanitary ware, shower cabins and furniture for bathrooms. The company has three factories in Poland.

the autumn of 2008 the company launched a first plant in Zhitomir Region Chizhovke capacity of 1 million items of sanitary ware and 7 million square meters. meters of ceramic tiles per year.

In response to the crisis Cersanit has adjusted its investment policy for 2009 and postponed the launch of the second stage for the first quarter of 2010.

EBRD is the largest foreign investor in Ukraine. To date, its investments in the country reached EUR4, 3 billion

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