Hungary Raba unit signs EUR 10 mln euro loan

Newswire

BUDAPEST, Sept 28 (Reuters) - Raba Futomu Kft, the flagship of Hungarian axle maker Raba group , has signed a 10 million euro loan from Raiffeisen Bank to finance its dynamic sales expansion, Raba said in a statement on Wednesday Raiffeisen extends the medium-term loan in cooperation with Hungary's Eximbank, and the funds will prefinance Raba Futomu's European export sales, the company said on the Budapest Stock Exchange's www.bet.hu internet page. "Raba Futomu Kft boosted its sales by ...

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