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Interros to Get $2.2Bln

By The Moscow Times

Sberbank Corporate & Investment Business (CIB), a subsidiary of Russia's top lender Sberbank, said Monday that it would open up to $2.2 billion in credit lines to Interros holding company, which manages assets of tycoon Vladimir Potanin.

Interros, which owns a stake in Russia's Norilsk Nickel, the world's largest nickel and palladium producer, will use the funds for refinancing and investment needs, Sberbank CIB and Interros said in a statement.

The credit lines will have a maturity period for up to five years.

(Reuters)

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