Financed ProjectsYioula Glassworks Project

Identification Code:

OP/02/0350

Total Operation Cost:

80.000.000

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

The operation involved the financing of the capital expenditure programme for modernisation and expansion of Yioula Group.

Countries of Operation:

Greece (100,00 %)

Financial Product:

Loans

Sector:

Materials

Domain:

Private

Borrower/Client:

Yioula Group, a leading producer of glass packaging products in Greece and Bulgaria.

Co-Financiers/Participants:

Citibank, EFG Eurobank and other prime Greek commercial banks

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Operation had strong developmental impact and contributed to the co- operation of the economies of the BSEC Member Countries involving well- known enterprises from Greece and Bulgaria.

Environmental Classification and Impact (summary):

The operation was in compliance with the Bank's Environmental policy.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org