Sberbank and Ford Sollers Elabuga signed general agreement on the on the renewable credit line in the volume of 1.5bn rub., the Bank informed.
Thus, Sberbank is ready to release the loan to finance current activity of JV Ford Sollers renewed in July 2019.
In Mar. 2019 Sollers acquired 51% in the renewed JV Ford Sollers; 49% being held by Ford Motors Company. Now JV concentrated its efforts on the production and sale of Ford Transit brand.
Sberbank of Russia (TIN 7707083893) is the largest bank in Russia and Central/Eastern Europe. It is a main creditor of Russia economy. The Bank covers the largest share on the deposit market and is keeping 67.76bn rub. in share capital split in 21586948ths common and 1bn preferred stocks of 3 rub. par. The Bank of Russia has 50%+1 voting stocks of Sberbank. Sberbank is an owner of 17 regional branches and subs in Kazakhstan and Ukraine.
"AK&M", 11:31, 11.09.2019 1251 AKM,BNK