OREANDA-NEWS. The agreement was signed to open a three year credit line for Acron worth RUB 6 bln.

Acron plans to use the funds for corporate investment purposes including refinancing current liabilities.

Natalia Ermakova, Head of Corporate Clients Division, Client Management Department, Sberbank CIB, said: “We have been working with leading mineral fertilizer sector companies for a long time and continue to develop our cooperation based on their individual requirements and interests. Acron is one of our key clients and we focus on providing them with complex financial solutions. This product provides the company optimally priced and efficient bank financing.”

Acron Group is a leading global vertically integrated mineral fertiliser producer in Russia with a diversified product portfolio consisting of complex and straight nitrogen-based fertilisers, as well as industrial products. In 2013, the Group's sales volume was 6.2 million tonnes. Acron sells its products in 65 countries. Russia and China are its key sale markets.

In 2013, the Group posted consolidated revenue under IFRS of RUB 67,904 million (USD 2,132 million) and net profit of RUB 13,019 million (USD 409 million). Acron's shares are listed on the Moscow Exchange and its global depositary receipts are traded on the London Stock Exchange (ticker AKRN). Acron employs over 15,000 people.

A high degree of vertical integration, including three chemical production facilities, a phosphate mine, potash mining projects, wholly owned transport infrastructure and an international distribution network, create a platform for the Group's dynamic growth.