NEWS & EVENTS: Breaking News
08.02.2010 10:03
Feb 8. Half of TMK shares are collateralized by banks. Major shareholder of the world’s largest pipe maker TMK Dmitry Pumpyansky has assigned a controlling interest in the company as collateral against loans of Gazprombank and VTB. Over 50% of Pumpyansky’s shares in TMK are used as collateral against loans worth about USD 1.86 bn, according to TMK’s memorandum for a Eurobond issue. Gazprombank’s USD 1.107 bn loan and VTB’s USD 750 mn credit are at issue.
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