A Ukrainian agricultural company signed a loan agreement for $5 million

The agreement should provide the Agrovista group of companies with the necessary capital to carry out trade operations with grain.

The credit agreement was signed with the First Ukrainian International Bank (PUIB), the press service of the agricultural holding reported.

The company noted that the received financing will help strengthen its position on the market.

“This agreement will provide Agrovista with the necessary working capital to carry out trade operations with grain and to finance producers at the group’s own elevators,” the message says.

In particular, in this way, the company will be able to increase its turnover to 500,000 tons per year thanks to its own fleet of grain trucks.

We will remind, at the beginning of June, “AgroVista” sent the second batch of grain to Portugal on the vessel “Angelina”.

Reference. Holding “AgroVista” (formerly a group of companies “UkrAgroCom” and “Hermes-Trading”) is engaged in the cultivation, processing and trade of agricultural products (corn, wheat, sunflower seeds, etc.).

Up to 350,000 tons of products are simultaneously stored in the elevators of the holding. The company’s river terminal is one of the largest in Ukraine, capable of handling up to 100,000 tons.