Exec: Russia's Sibur to borrow EUR 300mn from EBRD, Sberbank.

By bne IntelliNews May 18, 2010
Russian petrochemical holding Sibur plans to take out loans worth a total of EUR 300mn from the European Bank for Reconstruction and Development (EBRD) and Russia's Sberbank, Sergei Komyshan, head of Sibur's department for capital investments and investment projects, said. EBRD and Sberbank are expected to provide a EUR 150mn loan each. Sibur plans to use the funds to finance the construction of a polyvinylchloride plant in Russia's Nizhny Novgorod Region. The project is implemented by RusVinyl, a joint venture between Sibur and SolVin, a subsidiary of Belgium's Solvay.

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