Seventh Continent Received Short Term Loan from Bank VTB
OREANDA-NEWS. On 13 March 2009 was announced, that this loan is given to JSC “The Seventh Continent” (further referred to as the Company) in the frames of government’s retail sector support program. Total amount of loan comprises 500 mln rubles. This loan is attracted in the frames of credit line that was opened on November 5 th 2008 and established by VTB Bank in the amount of 2.5 bn. rub.
Raised funds will be used for the Company’s operational activities.
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