In December 2012, VTB Group’s European sub-holding, VTB Bank (France), took part in the syndication of a three-year loan for Slavneft. A group of international lending institutions syndicated US$730 million for the Russian oil and gas producer.
VTB Bank First Deputy President and Chairman of the Management Board Yuri Soloviev said: “It was the first time in the history of our relations with Slavneft that VTB Group acted as a co-organiser of the primary syndication of a loan.”
Slavneft is a vertically integrated holding company and one of the top 10 oil producers in Russia. Its companies provide an entire range of services, from exploration and production to processing. Slavneft holds universal E&P licenses for 31 oil and gas areas in western Siberia and the Krasnoyarsk Territory in eastern Siberia.