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VTB signs loan agreements with GMS

22 June 2015


VTB Bank has signed two three-year loan agreements worth a total of RUB 4.5 billion with GMS Group subsidiaries Kazankompressormash (Kazan Compressor Making Plant) and Gidromashservis (Hydraulic Machines). The loans will be used to supplement the companies’ working capital and develop their production capacities.

"Support for the machine-building sector is a major component of Russia’s industrial and economic development. Providing new credit lines for the GMS Group companies will help to develop the Group’s business operations," said Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board.

GMS Group is a dynamic, major diversified holding with powerful research and production capacity for the development and manufacturing of pump, compressor and modular equipment for various branches of industry: oil and gas, pipeline transport, nuclear and thermal power engineering, water supply and housing maintenance and utilities.

One of the group’s main areas of activity is the installation of turnkey facilities and the integrated provision of oil and gas, water supply and wastewater disposal systems.


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