Loans sup­port Ever­bright ac­qui­si­tion

China Daily (Canada) - - BUSINESS -

Un­der a loan pro­vided by the Bank of China’s Pol­ish branch, China Ever­bright In­ter­na­tional Ltd ac­quired Poland’s big­gest solid waste dis­posal firm, No­vago, for 123 mil­lion eu­ros ($137 mil­lion). The ac­qui­si­tion marks the largest investment in a sin­gle project in Poland by a Chi­nese com­pany. The pur­chase was one of many made by Chi­nese banks in Poland to pro­mote the Belt and Road Ini­tia­tive.

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