AST DEG approves $20 million financing to ASTARTA

The Board of Directors of ASTARTA Holding N.V. (the "Company") hereby announces that DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH ("DEG") approved US$20 million financing to ASTARTA. DEG, a member of the German KfW banking group, is one of the major European development finance institutions for supporting the development of private enterprises in emerging markets and markets in transition.
The Project will help the Company to secure long-term working capital financing and capital expenditure program. The project fits into both DEG´s and Astarta’s strategy of promoting sustainable businesses in Ukraine that contribute to local income and job generation.