Brazil: BNDES to grant Aker Solutions 329.7 million Real loan
Announcement
21 Jan 2014
On 21 January 2014, the Brazilian Development Bank (BNDES) granted the Norwegian company Aker Solutions a loan of 329.7 million real (US$ 150 million) to develop submarine equipment factories in Brazil. The loan, which is bound to the BNDES’s local content requirement policy, will finance two projects.
The first credit line amounts to 200.4 million real and finances a submarine equipment factory in Săo José dos Pinhais, Paraná. The loan also includes a 1.5 million real social sub-credit which has to...