19 January 2016
VTB Bank and Sodrugestvo-Soy, a company of the Sodrugestvo agro-industrial group, have signed a loan agreement for a revolving line of RUB 2.5 billion, issued for 12 months to replenish the company’s working capital and to buy raw materials for subsequent processing.
The Sodrugestvo group is one of the largest oilseed crushers in Russia, the CIS and Europe.
“Sodrugestvo group’s production facilities are among the best in Europe. The use of cutting-edge technology is boosting the group’s development under the current import substitution conditions. VTB Bank is pleased to help the group build up its production facilities and looks forward to working together in the future.” said Denis Bortnikov, member of VTB Bank’s Management Board.
The Sodrugestvo agro-industrial group has been cooperating with VTB since 2008. It uses its cash settlement, lending, and currency control and deposit services.
The Sodrugestvo agro-industrial group was established in 1994 and is focused on the processing of soybeans and rapeseed; seed storage and transportation; distribution and trade. The group has 32 branches in 11 countries, including Russia, Paraguay, Brazil and several East European countries.
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