KYIV. Dec 5 (Interfax-Ukraine) – Meest-Express Trading House LLC (Lviv) postal and logistics operator plans by 2019 to increase its share in the market of postal and logistics services to 20%, Meest Group President Rostyslav Kysil has said.
“Our goal in the Ukrainian market is to reach 20% by 2019. We do not indulge in illusions, knowing quite well that each company will compete for a market share. However, we have such plans, they are realistic,” he told reporters.
Kysil added to implement this strategy the company has raised a $10 million loan from the European Bank for Reconstruction and Development (EBRD) for six years. The company also intends by the middle of 2018 to consider raising another $10 million from the EBRD.
“Now we’ve got a $10 million loan. However, in talks with the EBRD we meant a loan in the amount of $20 million. Obviously, we have to perform the first stage of our program, which is foreseen by the middle of 2018, and then we will be ready to consider getting the second part of the credit. I think we’ll be interested in this,” he stressed.
