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Alfa-Bank Extends a Credit Facility to LLP Joint Venture Rusburmash-Kazakhstan
Amsterdam Trade Bank N.V. (a subsidiary of Alfa-Bank) has extended a credit facility of US$13.4 million to LLP Joint Venture Rusburmash-Kazakhstan. The proceeds will be used to finance the acquisition of fixed assets and fund the working capital requirements. The facility matures in 5 years.
LLP Joint Venture Rusburmash-Kazakhstan is a 50/50 joint venture between JSC Volkovgeologiya (a subsidiary of NJSC Kazatomprom) and CJSC Rusburmash (an entity controlled by OJSC Atomredmetzoloto («Uranium Holding ARMZ»).
This is the first transaction under the RUR 1 billion credit facility limit established by Alfa-Bank for Uranium Holding ARMZ.