KYIV. Nov 28 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) would provide a EUR 10 million debt financing to Lviv-based Trading Company (TC) Meest Express LLC, which is incorporated in the Meest group of companies, in further development and expansion of its domestic and international operations.
The bank said last week that the project was approved by its board on November 15, 2016.
The project is intended to expanding the collection and delivery network points; developing an IT platform; developing processing technology at warehouses and collection and delivery points; developing domestic and international logistics hubs; promoting the ‘Meest’ brand, as well as introducing carbon neutral courier products.
The project loan will benefit from concessional financing under the Green Logistics Programme provided by the Global Environmental Facility to promote energy efficiency and lower carbon emissions in the logistics sector.
The total cost of the project is $20 million.
TC Meest Express LLC was founded in 2005. It is a large delivery company on the market. Meest Group was part of Meest Corporation Inc., Toronto, Canada.
The ultimate beneficiary of TC Meest Express LLC is Canadian citizen Rostyslav Kisil.
