PARIS – The European Bank for Reconstruction and Development (EBRD) is planning to support Finnish tire maker Nokian’s long-term strategy of tapping into Eastern Europe’s growing markets. The EBRD plans to lend up to €50 million ($59 million) to the company to finance the construction and capital expenditure for a €94 million ($111 million) greenfield tire-manufacturing plant in Vsevolozhsk, near St. Petersburg, Russia. Nokian already is the largest tire manufacturer in the Nordic ...

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