Credit Bank of Moscow Funds Trafigura for Vostok Oil Stake
Credit Bank of Moscow Funds Trafigura for Vostok Oil StakeVostok Oil

Credit Bank of Moscow Funds Trafigura for Vostok Oil Stake

Bloomberg reported that Trafigura Group’s purchase of a stake in Rosneft PJSC’s flagship Arctic oil project was funded by a USD 7 billion loan organized

Bloomberg reported that Trafigura Group’s purchase of a stake in Rosneft PJSC’s flagship Arctic oil project was funded by a USD 7 billion loan organized by a Russian bank. According to corporate filings in Singapore, the trading firm agreed to a EUR 5.775 billion loan facility with Credit Bank of Moscow PJSC on December 23.

The two companies last week said they had completed a deal for a 10% stake in Vostok Oil, without providing a value. Trafigura had said the purchase had been majority financed by long term debt, but didn’t name the lenders.http://vostok-oil.ru/img/bg-img/14.jpg

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