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UPDATE 1-LUKOIL gets $250 mln loan to buy Turkey's Akpet
Fri, 31st Oct 2008 14:26
MOSCOW, Oct 31 (Reuters) - LUKOIL, Russia's second-largest oil producer, has raised a three-year $250 million loan at 6.5 percent from a group of banks to finance its purchase of Turkish petrol retailer Akpet, it said on Friday.
The lenders were ABN Amro, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, Dresdner Kleinwort, ING and West LB.
LUKOIL President Vagit Alekperov said at the time the acquisition was announced that the price was $500 million.
LUKOIL spokesman Dmitry Dolgov said the company agreed to pay off the purchase in instalments, and the final price would be be confirmed at the end of the payment period, at the end of 2009.
(Reporting by Vladimir Soldatkin; writing by Melissa Akin, editing by Will Waterman) Keywords: FINANCIAL LUKOIL/TURKEY
tf.TFN-Europe_newsdesk@thomsonreuters.com
cmr
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The lenders were ABN Amro, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, Dresdner Kleinwort, ING and West LB.
LUKOIL President Vagit Alekperov said at the time the acquisition was announced that the price was $500 million.
LUKOIL spokesman Dmitry Dolgov said the company agreed to pay off the purchase in instalments, and the final price would be be confirmed at the end of the payment period, at the end of 2009.
(Reporting by Vladimir Soldatkin; writing by Melissa Akin, editing by Will Waterman) Keywords: FINANCIAL LUKOIL/TURKEY
tf.TFN-Europe_newsdesk@thomsonreuters.com
cmr
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
