Russia’s SVYAZ BANK (Moscow) has organized a three-year financing facility for a pet food plant, ALLER PETFOOD, in the Vsevolozhsk district of Leningrad Region as part of the international business development program. Project financing was in excess of E750,000. A total of E300,000 provided jointly with RAIFFEISEN ZENTRALBANK OESTERREICH AG (Vienna, Austria) is intended to buy a packing line in Spain. Financing of the acquisition of additional equipment and transport under a leasing arrangement is over E450,000. ALLER PETFOOD is to start operating in March 2007.
Source: WWW.NOVECON.RU, March 12, 2007
