EBRD extends €25m loan to copper producer Sofia Med

7th January 2019

By: Reuters

  

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SOFIA – The European Bank for Reconstruction and Development (EBRD) has extended a €25-million ($28.6-million) loan to Bulgarian copper producer Sofia Med, unit of Greek Elvalhalcor, the bank said on Monday.

Several banks are extending parallel financing as part of a €85-million long-term joint financing package that will help Sofia Med set up a new research and development unit and develop new higher value added copper products, the EBRD said in a statement.

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Edited by Reuters

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