23 April 2004 00:52
Kazanorgsintez plans to raise $400 mln in loans
KAZAN. April 23 (Interfax) - Kazanorgsintez, a petrochemicals company based in Tatarstan, plans to raise about $400
million in bank loans to implement its development program to 2011, which will cost $900 million, the company's
board chairman, Albert Shigabutdinov, said.
The company plans to raise about 55% or 60% of the $400 million from foreign banks to finance import contracts and
the rest from Russian banks, he said.
Kazanorgsintez is already holding talks with Japanese, Italian and Russian banks.
The company's main shareholders are TAIF with 22.33% and Svyazinvestneftekhim with 26.6%. The rest of the shares
are divided between 11,000 companies and private shareholders. [RU ASIA EUROPE EEU EMRG LOA BNK WEU JP IT] me
[Interfax] |
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