LSR Group Fully Repays Loan from Deutsche Bank
OREANDA-NEWS. On 15 January 2009 was announced, that LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG) had fully met its liabilities under the loan agreement signed with Deutsche Bank A.G., London Branch in March 2007 for a total amount of RUB 5 billion by repaying the final tranche of RUB 1.25 billion.
LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS.
In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.
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