October 18, 2011 / 1:15 PM / 8 years ago

Sberbank to lend 20 bln roubles to EuroChem

MOSCOW, Oct 18 (Reuters) - Russia’s No.1 lender Sberbank said on Tuesday it will provide EuroChem with a loan of 20 billion roubles ($646.88 million), which the fertiliser company will use to finance its investment programme and merger and acquisition deals.

Earlier in October EuroChem’s controlling shareholder Andrei Melnichenko said the company was keen to buy the nitrogen fertiliser operations of Germany’s K+S (SDFGn.DE). ($1 = 30.92 Russian Roubles) (Reporting By Katya Golubkova; Writing by Andrey Ostroukh; Editing by John Bowker)

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