Ursus with PLN 65 mln loan

Tractor manufacturer Ursus has secured a PLN 65 million loan from commercial lender Bank Pekao to finance the acquisition of assets needed to fulfill a contract with The National Service Corporation Sole in Tanzania, the company said. The company will repay the loan from revenues from the contract. Polish tractor producer Ursus signed a $55 million contract with Tanzanian National Service Corporation Sole to sell 2,400 vehicles and components, a company press release.