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Koks raised credit

Koks raised 10bn rub. in the 7-year credit line with VTB Bank, the company informed.

The parties came to an agreement that the credit rate is set in line with the crediting period but no higher 20% ann. The deal is appraised to cover 18.78% of the assets.

Besides, Koks released guarantees in the volume of 15bn rub. in favor of Tulachermet.

Koks Group (TIN 4205001274) is one of the largest producers of metallurgic coke in Russia. It involves 3 divisions having 3mln ton/y in the output. 100% are held by B.Zubitsky. OAO Koks is a head entity involving different coal entities as well as non ferrous and ferrous metallurgic plants. The Group is working under the control of Industrial MC Metallurgic Holding (PMKH).

The share capital is worth 33mln rub. split in 1650232 common stocks of 20 rub. par. 100% are held by B.Zubitsky.

The 2017 net profit (RAS) increased 2.8 fold to 7.022bn rub. from 2.539bn rub. prior year; revenues - 1.6 fold to 33.937bn rub. from 20.996bn rub.; gross profit - 1.44 fold to 10.413bn rub. from 7.249bn rub.

"AK&M", 14:11, 13.02.2018 1251 AKM,COR


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