SUEK closes Hermes-backed equipment facilities

In:

Metals and Mining, Power

Region:

Europe

By Max Thompson

Siberian Coal Energy Company Group (SUEK) has closed two Euler-Hermes backed equipment financings with Commerzbank as sole lender. Both deals closed on 21 March and finance equipment for a SUEK subsidiary.The first deal, an €8.3 million ($9.39 million) eight-year covered facility, finances the...

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