GNG will use this finance for its expansion in central and northern Ukraine and to restructure its balance sheet.
The IFC and the EBRD will provide $65m corporate loans each, with sub-participations by ING Bank and the Dutch development bank of $30m.
GNG will also receive a parallel corporate loan of $30m from the Black Sea Trade and Development Bank, along with additional $30m from EBRD.
The financing package will help GNG acquire or construct up to 75 filling stations, bringing it’s network of filling stations to over 380 across the country.
