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Metsäliitto Cooperative has signed a EUR 75 million loan agreement with the European Investment Bank

Metsäliitto Cooperative has signed a EUR 75 million loan agreement with the European Investment Bank

Metsäliitto Cooperative, the parent company of Metsä Group, has signed a EUR 75 million loan agreement with the European Investment Bank (EIB). The loan relates to the financing of Metsä Fibre Corporation’s Äänekoski bioproduct mill project, announced on 11 June 2015. The loan is amortizing with equal instalments, final repayment date being 9 years from the signing date. The loan will be submitted for backing by the EU budget guarantee under the European Fund for Strategic Investments (EFSI). The European Commission and the EIB will deploy the Investment Plan for Europe via the EFSI.

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