The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 79 million (approx. USD 43 million) loan to Vard Niteroi SA granted on 9 November 2011 by the National Bank...
On 9 November 2011, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 79 million (approx. USD 43 million) loan to Vard Niteroi SA. The loan was issued under th...