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VTB develops cooperation with UralChem Group

28 December 2012

VTB Group has acted as one of the mandated lead arrangers of a 5-year US$ 220 million term loan facility for UralChem Group, a leading producer of mineral fertilisers in Russia. UralChem will use the funds to refinance its current debts, extend the Group’s debt profile and release existing security.

«UralChem Group, a leading producer of chemicals in Russia and the CIS, is an important partner for VTB. We place great value on our current partnership and we are always ready to provide professional assistance to a holding company which shows such dynamic growth».
Yuri Soloviev,
First Deputy President and Chairman of VTB Bank Management Board

VTB and UralChem have been working together since 2008. Over this period, the bank has provided various loans and trade services to the chemicals producer.

UralChem Group is one the largest producers of mineral fertilisers in Russia, the CIS and Eastern Europe. It is the largest producer of ammonia and ammonium nitrate in Russia and the second largest nitrogen fertiliser producer in the country.

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