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Business news, 28.10.2004 15:00

Amtel to raise 200 mln rbl with Menatep St.-Petersburg for a year.

bank_menatep 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.

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