Lukoil Gets Finance to Buy Akpet Petrol Retail
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Monday, 03 November 2008 |
LUKoil has secured loan to Buy Turkey's Akpet service station network
LUKoil has raised a three-year syndicated loan worth $250m at an annual interest rate of 6.5 percent to pay for the acquisition of a 100-percent stake in the Turkish gas station operator Akpet, the Russian oil company said in a statement. The loan, organized by ABN Amro, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, Dresdner Kleinwort, and other banks, was received by a LUKoil subsidiary.
LUKoil originally planned to close the deal in the third quarter of 2008. The company announced the $555m deal in July.
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