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VTB expands cooperation with CHEMK Industrial Group

30 November 2015

VTB expands cooperation with CHEMK Industrial Group.

VTB has provided a RUB 4 billion five-year loan to Kuznetsk Ferroalloys, part of CHEMK Industrial Group and one of Russia’s leading producers of ferroalloys.

The funds will be used to finance the company’s current operations, including the modernisation and repair of the plant’s equipment.

Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board: "The financing issued will allow the company to boost production and optimise its loan portfolio. I am confident that it will further expand our long-term mutually beneficial cooperation with CHEMK Industrial Group."


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