Urals | Industry, manufacturing | Finance, business

MMK gets $584m from Sberbank

11 Dec '08
Magnitogorsk-based metallurgic plant MMK has announced plans to open a $584m credit line with Sberbank, Interfax reports.

Under plans, the funds are to be invested into ongoing construction of a massive plate unit.

Earlier in the week the company took out $143m loan with VTB Bank, Interfax said.
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