Russian Railways secures 50 bln rouble Sberbank loan
MOSCOW Oct 19 (Reuters) - State-owned monopoly Russian Railways has been given credit lines total totalling 50 billion roubles ($1.6 billion) by Sberbank, Russia's biggest bank.
Sberbank did not specify the purpose of the lines, saying on Friday the facilities had been opened "with the goal of managing the current liquidity".
Last month, French automaker Peugeot Citroen said it was in exclusive talks with Russian Railways to sell a 75 percent stake in its Gefco logistics division for 800 million euros ($1.05 billion).
Sources told Reuters earlier this month Russian Railways was likely to get financing for the deal through a loan from VTB , Russia's second-biggest bank.
Russian Railways declined to comment. ($1 = 30.7750 roubles = 0.7638 euro) (Reporting by Katya Golubkova and Gleb Stolyarov; Editing by Dan Lalor) (firstname.lastname@example.org; +7 495 775 1242)
- Insight: How U.S. spying cost Boeing multibillion-dollar jet contract
- Exclusive: Secret contract tied NSA and security industry pioneer |
- With Fed out of the way, what's next on Wall Street?
- Yemeni al Qaeda says attack on hospital was mistake
- Insight: For Chinese farmers, a rare welcome in Russia's Far East