OREANDA-NEWS. October 27, 2011. DTEK signed an agreement with ‘Sberbank of Russia’ on a five years loan facility of USD 500,000,000 in rouble equivalent.

Proceeds will be used for general corporate purposes, including but not limited to financing working capital, CAPEX and M&A needs, in line with DTEK’s long-term business development strategy.

‘This credit facility is among the largest raised by Group so far, it confirms strong financial performance of DTEK. These funds will primarily be used to finance M&A projects in our traditional focus sectors - coal and energy. We highly appreciate support of our partner ‘Sberbank of Russia’ in implementing our strategic goals,” Vsevolod Starukhin, the CFO of DTEK, said.

‘In spite of market volatility this deal again confirms our commitment to expand further our relationship with DTEK. It is a token of our confidence in the reliability of the leading company of the Ukrainian energy sector’, commented Alexey Grenkov, Head of Sberbank of Russia key client coverage, Key Corporate Clients Department.