Sberbank has opened a credit line for LSR Group by 3.8 billion rubles.

ST. PETERSBURG, January 20. /Corr. Svetlana Afonina/. Northwest savings Bank has opened a building LSR Group ex-Senator Andrei Molchanov credit line is 3.8 billion rubles, reported the press service of the Bank.

“Northwest savings Bank opened a support from LSR Group a credit line in the amount of 3.8 billion rubles for a period of 36 months. The funds are intended to Finance current operations and replenish working capital”, – stated in the message.

OJSC LSR Group unites the enterprises for extraction and processing non-metallic minerals, production and transportation of building materials, the construction of buildings. The group is a public company, its global Depository receipts (GDR) are traded on the London stock exchange and its ordinary shares on the Moscow exchange. Chairman of the Board of LSR Group Andrey Molchanov via Cypriot offshore Sreetlink Ltd. owns 57,56% of LSR.