Published: May 16, 2013
Russia's VSMPO-AVISMA will receive US$250mn from Sberbank.
Sberbank and Russia’s VSMPO-AVISMA, the world’s largest titanium producer, have agreed a loan deal worth US$250mn. The funds will go on debt refinancing.
VSMPO-AVISMA is the only titanium producer in the world to operate a full production cycle, from processing of raw materials through to finishing. In 2009 it secured two credit lines from Sberbank worth US$165mn for the duration of one and five years, respectively.