Friday, 21st May 2010, Velenje, Slovenia

IFC's Board of Directors approved equity and debt investment in Gorenje

Yesterday, 20 May 2010, the Management Board of Gorenje, d.d., received a notice from IFC that its Board of Directors has approved IFC's equity investment in Gorenje in the first round of capital increase for an amount of up to EUR 25 million, a loan of up to EUR 50 million from IFC’s own account and mobilizing up to EUR 100 million under IFC’s Loan umbrella for the account of participating banks.