Uralkaly Seeks $1.4 BLN Loan :: Russia-InfoCentre

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Uralkaly Seeks $1.4 BLN Loan

11.09.2013 18:46

Photo Credit: http://industryweek.com

Uralkaly has announced it is seeking $1.4 billion loans from Sberbank and VTB, two of Russia's biggest lending institutions, says Vedomosti

It says it needs the funds to pay off a short-term debt and pins hopes on a pending lucrative deal with China.

It now needs a go-ahead from its shareholders but the situation is complicated by the arrest of its head in Belarus and rumours of the change of the major shareholder.

Sources: http://www.vedomosti.ru

Author: Mikhail Vesely

Tags: Uralkaly

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