16 Feb 2010 12:32

Sberbank lending TMH 4 bln rubles at 8.6% p.a.

MOSCOW. Feb 16 (Interfax) - Sberbank is opening a credit facility of 4 billion rubles for CJSC TransMashHolding (TMH) , Russia's largest rail carriage producer, TMH said in a statement.

TMH said the loan facility had been opened for operating purposes until February 14, 2011.

The company said it would pay 345 million rubles interest (8.6% p.a.) on the loan.

TMH is Russia's largest railway machine building company. It is wholly owned by The Breakers Investments B.V., a company thought to be controlled by the co-owners of coal producer Kuzbassrazrezugol , Iskander Makhmudov and Andrei Bokarev. The Breakers acquired a blocking stake in TMH at the end of last from Russian Railways (RZD) . TMH has production facilities in St. Petersburg, Bryansk, and Penza as well as the Moscow, Rostov and Tver regions. France's Alstom owns another 25% + 1 share in TMH.