OREANDA-NEWS. October 16, 2012. On October 12, 2012, an agreement was signed for the extension of a credit line in the amount of USD 150 mln1 to the Acron Group, as represented by JSC “Acron.”

Acron plans on using the funds for general corporate purposes including financing the company’s export operations.

Alexey Grenkov, Managing Director and Head of the Division of Client Managers of Sberbank of Russia OJSC’s Department of Corporate Clients, commented on the agreement, “The use of trade financing instruments, as was the case in this deal, allows us to significantly reduce the cost of financing for clients who have substantial export income.”

Information for Editors:

Acron Group is a leading Russian and global mineral fertiliser producer with a diversified product portfolio consisting of multi-nutrient fertilisers such as NPK and bulk blends, and straight nitrogen-based products such as urea, ammonium nitrate and UAN. In 2011, the Group’s output (excluding own use) totaled 5.8 million tonnes. The Group's key markets are Russia, China and other Asian countries, Europe, America, and CIS countries.