Oil and Gas Systems asks market for €150m greenfield loan
Russian pipeline valve producer Oil and Gas Systems has approached the development bank market for a facility of up to €150m, of which €50m is expected to be syndicated among commercial lenders.
The European Bank for Reconstruction and Development is considering providing a €123m loan, of which it will then syndicate €50m among commercial lenders.
Germany's DEG and Russia's Alef Bank are expected to provide up to €27m at the same time.
Oil and Gas Systems will use the finance to build
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