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VTB Bank arranges $150mln loan for Titan Group

VTB Bank arranges $150mln loan for Titan Group

Copyright 2008. SKRIN. All rights reserved.

VTB Bank has opened $150mln credit line for Titan Group, which intends to build a biotechnological complex worth RUR40bn in Omsk. The project implies construction of a polypropylene-bioethanol plant, of a RUR2.5bn pig-rearing complex with a capacity of 100,000 heads, a meat processing factory and an animal feedstuff producing plant. The new facilities are scheduled to be brought on line in autumn 2008, Vedomosti reported.

Date:  26.05.2008

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