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Serbia's MK Group Set To Get 45 Mln Euro IFC Loan


13.6.2012 8:26:00 | Author/Source www.seenews.com

Serbian vertically-integrated agro-industrial conglomerate MK Group is set to get a 45 million euro ($56 million) loan from the International Finance Corporation (IFC), data from the IFC website indicated.

MK Group has embarked on an 87 million euro investment plan that comprises the acquisition of local processed meat products maker Carnex AD, the upgrade and expansion of Carnex’s vertically-integrated operations, expansion and modernization of the group’s primary agriculture operations and permanent working capital to support the growth of its operations, an overview of the project posted on the IFC website indicated.


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