Banca Comerciala Romana and Erste Group Bank AG (Erste Group) equally financed the investment loan, contributing EUR 32.66 million each. The loan is due at the end of 2040 and covers 70% of the total development costs of the Pecineaga farm.
In addition, the two banks are providing a package of EUR18 million, which includes VAT financing for the investments and other products dedicated to supporting the Pecineaga project.
(English version by Loredana Fratila-Cristescu)