KSG Agro: debt to LBBW down 63%
17 July 2019
A Ukraine-based agroholding KSG Agro and German Landesbank Baden-Wuerttemberg (LBBW) have signed a debt restructuring agreement. As a result, LBBW has written off a substantial part of the debt of KSG Agro, which dropped 63% from $ 9.3 million to $ 3.6 million. In total, LBBW provided KSG Agro with a loan of $ 12.9 million. As reported by KSG Agro, the credit was used for equipment purchase for one of its pig farms.