Delegation of ING Bank Visited NIBULON’s Facilities

NIBULON has been cooperating with ING Bank for a very long time. The company has been working with its Swiss, Dutch and Kyiv offices in various areas of activity.

On July 27, ING delegation paid a business visit to NIBULON. The delegation consisted of the financial institution management, in particular Global Head Commodities of Food & Agri Lynn Ng, Global Head of Food & Agri Deborah Perkins, Lead Expert of Food & Agri in Amsterdam Yevhen Kalak, representatives of Kyiv office – Yevhen Omelchuk and Oleg Kababchian, and Pieternel Boogaard.

The business meeting began with negotiations with NIBULON’s General Director Oleksiy Vadaturskyy. After the negotiations the delegation members visited NIBULON shipbuilding and repair yard and the company’s transshipment terminal in Mykolaiv, where they familiarized themselves with the main production facilities of enterprises, processes, technologies, etc., as well as learned about the implementation of the company’s large-scale investment projects aimed at modernizing the logistics system in Ukraine and raising the domestic economy to a new level. NIBULON is the first private agrarian company which independently undertook the revival of inland water transportation and shipbuilding – industries that have been considered almost lost. 

It should be noted that representatives of ING Bank often visit NIBULON’s facilities. In particular, during their last visit in February 2018, they said that NIBULON is a shiny example for other companies in Ukraine because it invests in the country and in the company, and not just in grain exports, but also in shipbuilding using people that are here, and the knowledge that they have and expertise they have.

NIBULON has been cooperating with ING Bank for a very long time. The company has been working with its Swiss, Dutch and Kyiv offices in various areas of activity. At the beginning of July, ING Bank N.V. (ING), as a Mandated Lead Arranger and Bookrunner (also acting as Documentation, Security and Facility Agent), and a syndicate of European commercial banks and EBRD signed an agreement on providing a USD 80 million syndicated term loan facility for NIBULON.  The facility will be used to finance the company’s working capital needs associated with purchase of commodities in Ukraine and exports to the global market. 

IC UAC