UniCredit Bank provides a RUB 108 million facility for LLC “Lasselsberger”
AO UniCredit Bank and LLC “Lasselsberger” have signed a 108 million ruble 18-month credit facility agreement. The facility will be used by the company to finance its current activity.
The facility has been secured additionally by the guarantee issued by UniCredit Bank Austria AG as LLC “Lasselsberger” is the member of the Lasselsberger Group which has a successful partnership with UniCredit Bank Austria AG.
“This deal allowed us once again to gain from the intergroup cooperation for the benefit of international companies”, said Svetlana Zolotareva, Head of Mid-Market/Regions Department of UniCredit Bank, “The transaction involved a team consisting of employees from the corporate unit of the Bashkirsky Branch of AO UniCredit Bank and UniCredit Bank Austria. As a result of successful completion of the deal UniCredit Bank Austria (including AO UniCredit Bank) became the sole creditor of the company, which confirms not only the high quality of our services, but also the effectiveness of using all advantages of the international financial group for the benefits of our clients".
LASSELSBERGER Group is one of the largest European producer of minerals, building materials and ceramic tiles.
The companies of Division Ceramics count to the largest European producers of ceramic tiles as well as to the market leaders in Central and Eastern Europe. With own production locations in Czech Republic, Hungary, Romania and Russia not only local markets are delivered but also many international markets (mainly in Western Europe). Well-established ceramic brands as well as a more than 130 years old tradition in ceramic production are the base for the prospering development of the Ceramics Division.
Market leadership in many areas combined with long-term secured raw material reserves are the strong base for the successful development of whole LASSELSBERGER Group.