Petrokommerz raises interest rate on loan to local plant

Maxi Group’s extraordinary general meeting resulted in the decision to allow the company’s GD to sign an additional agreement that would accompany the earlier surety Maxi Group had signed with Bank Petrokommerz regarding its liabilities on the credit line.

The company reports the agreement will state that the term of the credit line’s availability would be shifted from March 22, 2010 to December 12, 2008, while the interest rate on the loan would be raised from 13% to 14.5% a year.

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