Press-release

On February 24, 2014, Milkiland obtained a credit financing from PJSC “Credit Agricole Bank”, Ukrainian subsidiary of Credit Agricole Group, in total amount of USD 15 million.

“We’re happy to start, as we believe, promising collaboration with PJSC “Credit Agricole Bank”, which became even more valuable for both sides in the current turbulent environment in the Ukrainian financial market”, – commented Oleksandr Androshchuk, CFO, Milkiland N.V.

“We found the conditions of financing from Credit Agricole Bank as favorable for the Group, and are going to replace by these funds the most expensive loans for the other Ukrainian banks and to finance the agri-operations of the Group”, – added him.