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IFC likely to grant US$17.5 mn credit to Delta-Wilmar CIS
09.06.2006 12:20 "Agro Perspectiva" (Kyiv) —
World Bank Group International Finance Corporation (IFC) is possible to furnish US$17.5 mn credit to Company Delta-Wilmar CIS (c. Odessa), reported Ukrainian News referring to IFC. As to report, project total amount is up to US$27 mn (incl.US$17.5 mn IFC planned investment). As to Ukrainian News, project finances will be directed to port Yuzhniy tropical oils processing, refining/transshipment terminal construction/equipping, with terminal expected daily processing capacity totaling 1,500 MT oil. IFC Directors Board is to examine issue of credit granting on Jun 29. As earlier reported, this Apr Kreditprombank (belonging to Ukrainian big banks group) had opened US$8 mn credit line to Company Delta-Wilmar CIS (c. Odessa), also targeted at port Yuzhniy tropical oils processing, refining/transshipment terminal construction.Delta-Wilmar CIS is Ukrainian/Syngaporean joint venture specializing in food processing.
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