One of Ukrainian leading agroindustrial companies and among the top Ukrainian egg producers, Ovostar Union N.V. entered a EUR10-million (US$13.06-million) loan agreement to finance the second stage of its production capacity expansion programme.

The second stage of production capacity expansion programme would include the purchase of Salmet laying hen equipment and pre-fabricated poultry buildings. The programme is to be completed in 2013 while its full effect will be materialised in 2014.

The seven-year individual loan agreement of EUR10 million with Landesbank Berlin AG is covered by the guarantee of Euler-Hermes Deutschland AG.