Enhancing collaboration with Ignitis Group
We have extended the credit line agreement with Ignitis Group to EUR 150 million, strengthening our collaboration with the largest energy group in the Baltic States. An agreement has been reached to increase the credit line to EUR 150 million.
This financingis intended to ensure the availability of working capital. In October of this year, we had already extended a EUR 74 million credit line agreement with the leaders in the energy sector.
The credit line is a form of short-term financing that provides flexibility for business financial management, often used to fund a shortage of working capital.
We are a part of the OP Financial Group, one of the financial services leaders in Europe, and we can offer the highest quality services and fast decision-making for large businesses.