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2009 December 14   09:12

Port Posiet gets a 150 million rubles loan at TransCreditBank

OJSC Commercial Port Posiet drew a 150 million rubles credit at Trans Credit Bank. The funds will be used to finance the financial and economic activity. The rate of the loan is 13% per annum. The loan is to be repaid until 13 June 2011, the stevedore company official statement reads.
The Port Posiet is open to ships under foreign flags and Russia. It is associated with the Trans-Siberian line, which allows the import of goods from anywhere in the country. Depths at the berths can accommodate ships with a draft up to 9,5 m. Mechel-Trans Ltd. owns 96.9421% of ordinary shares in Commercial Port Posiet. Net profit of JSC Commercial Port of Posiet in first quarter of 2009 was up 28,3% - to 149.55 million rubles, compared to the same period, last year. The proceeds of the company in January-June 2009 increased by 27,8% - up to 329.755 million rubles.

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