Uralkaliy (LSE, ÌÌÂÁ-ÐÒÑ: URKA) signed the 14-year credit agreement in the volume of 171.4mln euro with UniCredit Bank AG and DZ Bank AG, the company informed.
The credit period covers 14 years. The credit will be spent to build 2 mines at Ust-Yaivinsky pit provided by Dailmann-Haniel Shakhtostroi. The loan is backed by Euler Hermes (Germany).
UniCredit Bank AG and DZ Bank AG are the primary creditors.
Uralkaliy Joint Company (TIN 5911029807) was formed through the merger of
Uralkaliy- and Silvinit-held assets completed in June 2011. Within the merger Uralkaliy acquired 1565151 common stocks (20%) of Silvinit. The stocks released by Uralkaliy were swapped for the stocks of Silvinit. The 2012-output dropped 16% to 9.12mln ton.
The 2012 net profit (IAS) moved up 5% to $1.597bn from $1.527bn; revenues dropped 6% to $3.34bn from $2.985; corrected EBITDA being down 5% to $2.375bn; EBITDA margin coming to 71%.
The 2012 net profit climbed up (RAS) 15.2% to 49.079bn rub. from 42.571bn rub.; revenues - 10.3% to 110.116bn rub. from 99.825bn rub.; profit from sales - 7.2% to 63.004bn rub from 58.748bn rub.; pretax profit - 17.4% to 58.373bn rub from 49.711bn rub.