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Date: 22nd December 2022
Congratulations to EBRD for signing the 3rd EBRD RRF deal in Greece with Papoutsanis S.A. being the 1st Greek SME financed with a €12m loan to enable the continued upgrade of its production systems and a reduction in its energy consumption needs.
The loan proceeds will finance the further vertical integration of Greek manufacturer of soap and liquid cosmetics Papoutsanis’ production lines with respect to solid and liquid products, as well as the upgrade of certain downstream equipment, thereby enabling the automation and optimisation of production and handling storage processes.
The Lambadarios Law Firm team representing EBRD was led by our Banking & Finance partner Prokopis Dimitriadis and our associate team was led by senior associate Katerina Gini.
For the press release, please follow the link:
https://www.ebrd.com/news/2022/ebrd-supports-papoutsanis-continued-production-expansion-and-vertical-integration.html#.Y6CIcluCgPk.linkedin
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