ULK group agrees revolving line of credit of 9bn RUB

The northern Russian ULK group of Beresnik, agreed a new revolving credit line of 9bn RUB (roughly equivalent to 135m €) with Alfa-Bank of Moscow on 6 March 2018; the credit facility has a term of seven years. The funds are being used partly to finance the new 5.8bn sawmill in Beresnik commissioned in December and ...

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