MOSCOW, February 9 (Itar-Tass) - Prime-Tass. AFK-Sistema AFKS -1.13% will be able to repay within six months the loan provided by the Russian Direct Investment Fund (RFPI) to pay Bashneft's BANE -1.68% as part of an amicable settlement with Rosneft, corporation Vladimir Evtushenkov to the Bloomberg agency.
According to the billionaire, with respect to a loan from RFPI and a loan from Sberbank SBER -2.19%, which will also be provided for Bashneft's worldwide payments, everything goes "as planned."
RFPI, as the head of the fund, Kirill Dmitriev informed, will provide AFK with a six-month loan for 40 billion rubles against the pledge of shares in Detsky Mir and the Bashkir Electric Grid Company (BESK). With his own words, Sberbank will allocate a loan to Sistema for 40 billion rubles. According to the settlement agreement, the loan will be secured against a 31.76% stake in MTS MTSS -1.20%. The document provides that to provide funding from RFPI and Sberbank from these assets will be lifted the arrest, imposed to secure the claim of Rosneft.
1prime.ru/energy/20180209/828435956.html
According to the billionaire, with respect to a loan from RFPI and a loan from Sberbank SBER -2.19%, which will also be provided for Bashneft's worldwide payments, everything goes "as planned."
RFPI, as the head of the fund, Kirill Dmitriev informed, will provide AFK with a six-month loan for 40 billion rubles against the pledge of shares in Detsky Mir and the Bashkir Electric Grid Company (BESK). With his own words, Sberbank will allocate a loan to Sistema for 40 billion rubles. According to the settlement agreement, the loan will be secured against a 31.76% stake in MTS MTSS -1.20%. The document provides that to provide funding from RFPI and Sberbank from these assets will be lifted the arrest, imposed to secure the claim of Rosneft.
1prime.ru/energy/20180209/828435956.html