Russian investment firm, Renova, has secured a $2.07 billion syndicated loan, Reuters reports. The syndicate of banks extending the loan include Credit Suisse, ING Bank, Natixis, Raiffeisen Bank International, Sberbank and UniCredit Bank Austria. The proceeds from the loan will be used to refinance debt and fund corporate activities. Renova, which has stakes in oil producer, TNK-BP, and aluminum smelter, UC RUSAL, is owned by Russian billionaire Viktor Vekselberg.
Click here for the story from Reuters.