12 January 2004
A signing ceremony took place on 22 October 2003 in Moscow where a Cooperation agreement was entered into between Vneshtorgbank anderican Taylor-DeJongh Inc. investment bank.
Mr. Andrey Kostin, President and C.E.O., for Vneshtorgbank, and Mr. Richard Perry, Executive Vice President, for Taylor-DeJongh Inc., signed the Agreement.
Under the Agreement, mutually profitable partnership of the Parties will foster Russian-American foreign trade, investment projects and economic relations between Russian and the USA, including those within the framework of existing intergovernmental agreements.
By expanding cooperation, Vneshtorgbank and Taylor-DeJongh Inc. will offer their clients a spectrum of investment banking services such as project finance, structured finance, financial consulting in buying/selling assets, etc. In particular, the Agreement fixed understanding between Vneshtorgbank and Taylor-DeJongh Inc. related to arranging funding for investment projects in oil and gas industry, energy sector, metallurgy, pipeline transport, building and some other sectors.
Moreover, the Agreement envisages joint efforts of the Parties in international capital markets, trade and pre-export financing for Russian companies.
For reference: Taylor-DeJongh Inc. offers its clients comprehensive investment banking solutions in a variety of economy sectors. Annually, starting from 1995, the company commands leadership positionsong the 10 top global financial advisors.