AS Harju Elekter entered into a loan agreement with Coop Pank AS
28 December 2022 - 7:02PM
AS Harju Elekter entered into a loan agreement with Coop Pank AS
On 28 December 2022, AS Harju Elekter and Coop
Pank AS entered into a loan agreement in the amount of 10 million
euros. The term of the investment loan with a variable interest
rate based on Euribor is five years. The loan taken will be used to
finance the construction costs of the Västerås plant, which was
completed in Sweden, the development of a new real estate project
and, if necessary, to reduce existing short-term financial
obligations. The loan is secured by a mortgage of first ranking on
the Harju Elekter property located at Paldiski mnt 31, Keila.
Harju Elekter’s cooperation with Coop Pank AS,
which is based on Estonian capital, helps to strengthen the
company’s capitalisation and creates the necessary prerequisites
for the realisation of Harju Elekter’s growth strategy.
Harju Elekter is an international industrial
group with extensive experience in providing future proof solutions
for electrical power distribution. We engineer, manufacture, and
install electrification solutions for utilities, industries,
infrastructure, public and commercial buildings. The entities of
Harju Elekter Group in Estonia, Finland, Sweden, and Lithuania
employ around 900 people, and the Group’s nine-month revenue in
2022 was 125.3 million euros.
Priit Treial Member of the Management Board / Chief Financial
Officer +372 674 7400
Harju Elekter As (LSE:0MDU)
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