OREANDA-NEWS. July 13, 2010. The European Bank for Reconstruction and Development’s board approved a seven-year USD 10 mln loan to Astarta (WSE: AST PW). According to the EBRD project Web site, proceeds will be directed to following up on an energy efficiency project financed by the EBRD in 2007.

Concorde Capital: we consider the announcement neutral for the stock as the loan was first announced as pending EBRD board approval in early June and the news has already been priced in.