January 7, 2019 / 12:29 PM / 6 months ago

EBRD extends 25 mln euros loan to copper producer Sofia Med

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, 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)

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