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VTB expands cooperation with Acron Group

 
13 May 2013

VTB expands cooperation with Acron Group.

As part of its strategic partnership development with Acron Group, VTB Bank has signed loan agreements with Acron totally worth US$ 150 million. The agreements are part of VTB’s three-year targeted program aimed at financing exports of fertilisers to a total value of up to US$ 200 million.

VTB Bank has worked with  Acron since 1996. Along with loans VTB also provides transaction banking services to Acron, including cash management and documentary operations, and investment products.

 
 
 
 
Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board
«We are successfully cooperating with the leading chemical companies, providing them with a full range of investment and banking products. VTB’s targeted program to finance Acron’s exports of fertilisers will help maintain the company’s strong positions in the world’s most promising fertiliser markets, including China, Thailand, Brazil and the United States».
Yuri Soloviev,
First Deputy President and Chairman of VTB Bank Management Board

For reference:

Acron Group is one of the world's largest producers of mineral fertilisers. It is the leading Russian producer and one of the world's biggest producers of NPK compound fertilisers. Acron is one of Russia's largest producers of ammonia and a wide range of nitrogen fertilisers. The company is also engaged in the development of potash and phosphate deposits. It includes three major production facilities (including Acron JSC), and has its own transport infrastructure and international sales network. Acron Group has a strong presence in the world's most promising fertiliser markets, including China, Russia, Thailand, Brazil and the United States.


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