The European Bank for Reconstruction and Development (EBRD) is considering lending EUR29.4m to Albania’s Antea for the construction of a cement plant, the bank said.

Antea is majority owned by Titan.

A total of EUR12.6m will be allocated as equity finding, while the remainder will be a subordinated debt, EBRD said in a statement posted on its website.

The loan is a subject to approval by the EBRD board on June 10.