Cyprus:
European Bank For Reconstruction And Development ("EBRD") And DEG - Deutsche Investitions- Und Entwicklungsgesellschaft Mbh ("DEG") - Refinancing Of Tyazhpromarmatura JSC
29 January 2016
Elias Neocleous & Co LLC
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In the autumn of 2014 we advised EBRD and DEG, the largest
European development institutions, in connection with the
refinancing of facilities provided to Tyazhpromarmatura JSC
(“Oil & Gas Systems”), Russia’s largest
machinery producer, and its leading manufacturer of pipeline
valves. EBRD initially provided financing of €123 million in
February 2014 and we acted in connection with the introduction of
DEG into the lender group and an increase in the facilities to a
total of €265 million.
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