The European Bank for Reconstruction and Development (EBRD) said on Friday it is considering providing EUR58m (US$75m) in financing to Serbian cement producer Lafarge Beocinska Fabrika Cementa to support its capital expenditure programme.
The programme includes the development of a number of energy efficiency investments, further modernisation of production facilities, environmental enhancements, and targeted acquisitions and integration of aggregates businesses with its main cement operations, the EBRD said in a statement.
The investment will be made in three separate tranches to reflect the timing of the investments.
Lafarge Beocinska Fabrika Cementa is fully owned by Lafarge.
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