EvroChem Group raised the $750mln worth syndicated credit for 8 years, Sberbank CIB informed as a credit arranger.
The credit contract was signed in Aug. 2014. The syndicate involves Sberbank CIB, Credit Agricole CIB, HSBC Bank PLC, ING Bank N.V., ÐÎÑÁÀÍÊ, Societe Generale S.A. and YuniCredit Bank.
The raised funds will be invested in the realization of the potassium project at Usolsky Potassium Plant (Permsky reg.).
EvroChem MKHK (TIN 7721230290) is the largest producer of mineral fertilizers. It is included into the 3-list of European leaders. The Company involves production and extraction entities, logistic companies and sale network.
The 9-month 2013-net profit (IAS) rallied down 61% to 9.6bn rub. from 24.6bn rub. prior year; revenues increased 7% to 133.1bn rub. ($4bn).
The 2013 net profit (RAS) moved up 45.3% to 29.931bn rub. prior year; revenues being up to 1.587bn rub. from 1.456bn rub.; revenues from participation in other entities - to 33.08bn rub. from 20.036bn rub.