OOO Amtelshinprom, official trader for OOO Amtel Holding, will raise 200 mln rbl with OAO Bank Menatep St.-Petersburg for a year. The rate is 15% on year, Amtelshinprom said.
Amtelshinprom EGM has approved the decision on attracting revocable loan line today, Oct. 29.
Amtel-Chernozemie where Amtel holding is the only holder, provides guarantee.
Amtel group is one of Russia's major tyre makers, uniting three Russian enterprises - ShK Amtel-Povolzhie (Kirov), ShK Amtel-Chernozemie (Voronezh) and ShK Amtel-Sibir (Krasnoyarsk) as well as Rosava works (Ukraine). Volgograd Works of Technical Hydrocarbon (Amtel-Carbon), Khimvolokno-Amtel-Kuzbass (Kemerov) and Kransoyarsk Works of Rubber Product are members of the holding
Amtel enterprises made 11.9 mln tyres in 2003, aggregate revenues equalled $383 mln.
News source: gateway2russia.com
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