EBRD mulls EUR29.4m loan to Albania’s Antea for new plant

EBRD mulls EUR29.4m loan to Albania’s Antea for new plant
02 April 2008


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.
Published under Cement News