North West | Finance, business

VTB’s $8m BaselCement-Pikalevo loan posted

5 Jun '09
VTB Bank is expected to loan Deripaska’s BaselCement $8m to shore up Basic Element’s Pikalevo asset in Leningrad Region, the bank said today.

The funds will be reportedly provided next week.

Cement maker BaselCement-Pikalevo has been facing major financial difficulties since last year and has stayed idle for a few months.
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Tags: VTB (198) / BaselCement (11) / Basel Cement Pikalevo (0) /

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