November 29, 2019 / 10:53 AM / 11 days ago

Russia's VTB grants up to 470 mln euro loan to Kazakh gold group

MOSCOW, Nov 29 (Reuters) - Russia’s VTB bank has granted a loan for up to 470 million euros ($518 million) to a group of gold mining companies in Kazakhstan, it said in a statement on Friday.

Russia’s second largest lender said Kazakh firm Altynalmas would use the loan to buy a controlling stake in gold miner Kazakhaltyn, to finance the Aksu gold mining project and to optimise its debt portfolio.

$1 = 0.9073 euros Reporting by Polina Devitt; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below