Rosbank Enters into USD 50 min Facility Agreement with Acron
OREANDA-NEWS. December 13, 2013. Rosbank (Societe Generale Group) signed the facility agreement with JSC Acron for the total amount of USD 50 mln.
The Agreement provides for 1-year USD 50 mln credit Facility. The Facility will be used to finance Company’s current operations.
Ilya Polyakov, Deputy Chairman of the Management Board of Rosbank, Head of Coverage and Investment Banking for Russia/CIS, Societe Generale Corporate & Investment Banking commented: ”Signing the Agreement is a next stage in development of our cooperation with JSC Acron, one of the leaders in Russian mineral fertilizers market. We highly appreciate our close cooperation with the Company and look forward to develop it in the future. Rosbank confirms its intention to strengthen the relationship with the largest companies of natural resources industry of the Russian economy - it is one of the core priorities of the Bank’s corporate business”.