The EBRD has added to its 200+ Ukrainian projects with a USD 11.5 million equity investment in a Fra-M. Fra-M is one of the largest wholesale distributors of pharmaceutical products in the Ukraine. The company plans to use the new financing to stabilize working capital, invest in its logistics operations, and expand its wholesale operations.
As part of the logistics improvements, Fra-M is expected to move its central warehouse operations from the company home-base in Donetsk to Ukraine’s capital city of Kiev. The company also plans to open a regional warehouse operation in the western portion of the country. The deal raises the total EBRD investment in Ukraine to more than €5.1 billion.