Ukrainian agriculture company Astarta Holding N.V. (AST) signed a financing agreement of as much as $40 million with the World Bank’s International Financial Corporation.

The loan is to be used for a soybean crushing plant, construction of a biogas facility and the expansion of agricultural land as well as infrastructure projects aimed at increasing production, the company, based in the capital Kiev, said in a regulatory statement today.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net