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UMMC – export financing
23 March 2009
Bringing new borrowers to ECA finance
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UniCredit
UMMC
Danieli
Sace
Russia
Munich
Moscow
Norton Rose
Euler Hermes
Within this transaction, UniCredit Group came up with a unique structure to meet the needs of their client in Russia – UMMC Group, the second largest vertically integrated copper group in the country. The solutions provided by UniCredit brought UMMC to the international export finance market for the first time.
The transaction finances the construction and supply of a steel mini-mill in Tyumen for UMMC. The overall cost of the project is a416.5 million. Of this total, a182.8 million is being financed through an export credit agency...
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