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VTB extends credit to Rosatom unit

 
1 June 2015

VTB extends credit to Rosatom unit © photoexpress.ru

VTB Bank has confirmed that it will provide a RUB 8 billion line of credit to AtomEnergoSbyt, part of Rosatom State Nuclear Energy Corporation.

The facility will allow AtomEnergoSbyt to raise funds and obtain bank guarantees within a set limit to fund its day-to-day operations, upgrade fixed assets and finance its activity in the wholesale and retail energy markets.

“Supporting companies in the nuclear power industry is a strategically important area for VTB,” VTB Bank Management Board member Valery Lukyanenko said.

“Establishing this credit line means that AtomEnergoSbyt has a good reputation in the capital markets and good prospects for growth,” AtomEnergoSbyt Deputy CEO for Finance Denis Zakharov said.

For reference:

AtomEnergoSbyt is a power supplier of the Rosatom state corporation, a provider of last resort in the Kursk, Murmansk, Smolensk and Tver regions. The company provides services to nuclear power businesses in the Central, Northwestern, Volga, Ural and Siberian federal districts.


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