Renova Group raises CHF 2 bln Club loan

Viktor Vekselberg, Chairman of the Board of Directors of Renova Group, stated: «The transaction is unique if we consider the list of the club participants which represent commercial and investment bank services. Sberbank’s participation in the deal together with international banks should be highlighted. The banks invited to participate in this transaction have a long-term relationship with Renova Group, which allowed it to raise financing on attractive terms and demonstrates that the Group is a reliable partner on both Russian and global markets».

Renova Group is a leading Russian private business group that holds and manages assets in metallurgy, oil, mining, chemical, real estate development, energy, telecommunications, high-tech engineering, utilities and financial sectors in Russia as well as CIS, Switzerland, Italy, South Africa and the United States. Among the Group’s most important inputs are investments in UC Rusal.