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Friday, 19.04.2024, 11:21
Estonia: Subsidiary of PRFoods borrowing from Rural Development Foundation
BC, Tallinn, 26.10.2020.
Print version
Print versionListed Estonian fish and fish products seller AS PRFoods has approved its subsidiary Osauhing Vettel taking a six-year investment loan in the amount of one million euros from the Rural Development Foundation, writes LETA/BNS.
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The interest rate of the loan, issued under the measure
titled "COVID-19 loan to bio- and rural enterprises," is 2.5% for the
first two years and 4.5 % thereafter, PRFoods informed the stock
exchange.
The investment loan will be used for the automatization of
the factory of Osauhing Vettel in Saaremaa.
The loan is secured by a mortgage and a commercial pledge on
the assets of Osauhing Vettel to the following rankings of existing
creditors and a 100 % guarantee from AS PRFoods.
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