BSTDB supports the expansion of a Ukrainian petroleum and gas company NK Alfa-Nafta (ANP)
Press Release | 09-Aug-2007
BSTDB made available a 7-year USD 36 million to finance the network expansion of NK Alfa-Nafta (ANP) a Ukrainian retail and wholesale petroleum and gas operator. The BSTDB financing will also facilitate the construction or purchase of new gas stations, oil products supply and the organizational restructuring of the company in view of its preparation for IPO in the next 3-4 years.
The operation is expected to have a solid regional cooperation impact from servicing international transportation flows running through Ukraine and from importing petroleum products from neighboring countries like Russia and Romania. The development impact for Ukraine includes better utilization of the local refineries and consolidation of the country’s fuel supplier’s position in the region.
The loan to NK Alfa-Nafta is the biggest BSTDB financing in Ukraine so far, with the total BSTDB's financing provided to Ukrainian companies exceeding USD 250 million.
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NK Alfa-Nafta is one of the biggest Ukrainian petroleum and gas companies, covering all regions of the country. The main activities of the company: retail trade with oil products through the network of filling stations and gas-filling stations under ANP trade mark, construction of filling stations and petroleum storage depots for own operation, wholesale. The company is owned by Jarwin Trade & Finance Corp. and Polygonum Finance Inc. and the total number of its employees reaches 12.000.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters is in Thessaloniki, Greece. With an authorized capital of SDR 1 billion (approx. USD 1,5 billion), the Bank supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects in the public and private sectors in its member countries. BSTDB is rated Long Term Baa1 and Short Term P2 by Moody’s.