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Companies in the timber industry / Daily News / Forestry / Pulp & Paper / Sawmilling / Global / Russia
November 30, 2017

Ilim Group signs 4-year syndicated loan agreement for USD 500 million

Ilim Group signs 4-year syndicated loan agreement for USD 500 million
lim Group announced signing of a four-year unsecured syndicated loan agreement for USD 500 million.     The company Ilim plans to use the funds to finance its strategic development projects focusing on Europe and Asia, which are its priority markets.    According to the announcement, the loan was arranged by Raiffeisen Bank International (RBI Group) and Intesa Sanpaolo, with Crédit Agricole also joining the syndicate on the European side. In Asia, the syndicated loan includes the four largest banks in China – Bank ICBC, Agricultural Bank of China, Bank of China and China ...

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