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Metalloinvest/CREDIT AGRICOLE CIB signed credit agreement

Metalloinvest signed a long-term credit agreement with CREDIT AGRICOLE CIB backed by the Euler Hermes Aktiengesellschaft Export Credit Agency(Germany), the company informed.

72mln euro raised for 12 years will be invested in the delivery of the TAKRAF GmbH-made equipment within the realization of the project on the building of the new transport scheme at Lebedinsky GOK. The credit can be used after the execution of certain delaying requirements.

Metalloinvest Holding (TIN 7705392230) is a leading supplier of the iron-ore products and hot iron to the global market and one of the regional producers of high-quality steel. It keeps the largest ore fields and the lowest patterns of costs in the production.

100% are held by USM Holdings (A.Usmanov keeps 49%; other holders 30% and 10%, respectively).

The IQ 2017 net profit (IAS) was doubled to $391mln; revenues rocketed upward 85.1% to $1.52bn; EBITDA - 2.9 fold to $527mln; EBITDA margin coming to 34.7% from 22.4%.

"AK&M", 14:32, 13.06.2018 1251 AKM,COR


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