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Sidenor: IFC to Finance Stomana Industry


SIDENOR S.A., pursuant to article 16 par. 3 of law 3556/2007, informs the investment community that in view of expanding its international presence, SIDENOR Group further establishes its collaboration with the International Finance Corporation (IFC), a World Bank member, after signing a new €25 million loan maturing in 7 years, that will be used to enhance the capital structure and to further modernize and expand the production facilities of the subsidiary STOMANA INDUSTRY, thus further boosting its competitiveness. The aforementioned agreement is of significant importance, since an internationally renowned financial institution of such calibre supports SIDENOR Group?s activities in the Balkans.

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