EBRD loans $350 mln to ArcelorMittal's Ukraine mill

KIEV, Dec 22 (Reuters) - The European Bank for Reconstruction and Development (EBRD) has extended a $350 million loan to Ukraine's largest steel mill, owned by ArcelorMittal, for modernisation and environmental upgrades.

The EBRD said the loan would help finance investment worth $1.1 billion at the mill, which ArcelorMittal acquired in 2015.

"It is the largest private sector investment program in Ukraine in recent years," the bank said.

(Reporting by Alessandra Prentice; Editing by Keith Weir)