EBRD grants $50 Million Convertible Loan to Poland
10.03.2010
The European Bank of Reconstruction and Development will invest $50 million in the Polish oil company Petrolinvest, allowing the firm to finance the completion of drilling works in Kazakhstan, Petrolinvest said in a statement late Tuesday.
EBRD financing will come in a form of a loan convertible to the company shares.
Petrolinvest,...