Volga | Finance, business | Industry, manufacturing

Alfa Bank wins $28.4m Avtodetal-Servis tender

1 Sep '08
Alfa Bank has won a $28.4m loand tender from Avtodetal-Servis, city of Ulyanovsk, the auto component maker said today.

Reportedly, the three-year loan is being granted at a 18-percent interest rate.

The borrowed funds will be used to purchase 39.22% of stock in Serbia's bus manufacturer Ikarbus, of which Marchmont reported earlier (see news of July 31).

Other banks involved in the tender were Absolut Bank and Transcreditbank.
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