Maxi-group attracts loan of Uralsib Bank.
December 26, 2005 AK&M
The Board of Directors of Maxi-group entering Metallurgical Holding has approved the opening of a credit line of up to 900 million rubles in Uralsib bank.
Presently Maxi-group intends to attract seven-year term loan facility of the European Bank for Reconstruction and Development to the value of 220 million euros. Up to 50 percent of the loan will be syndicated in western banks. The funds attracted will be used for reconstruction of crushing plant and rolling mill. The total project cost equals 220 million euros.
Company — Maxi-Group