OREANDA-NEWS. On 07 April 2009 Dixy Group – one of the leading food retailers in the Russian Federation - announced the agreements with VTB Bank and Alfa Bank on credit lines totalling 2.6 billion roubles with tenor of up to year.

The size of a credit line from VTB is 1.5 billion roubles, Alfa-Bank’s credit line is 35 million U.S. dollars or the equivalent in roubles. These resources can be used by the Company to refinance existing debt and to replenish working capital.

“Considering current difficult environment on the rouble debt markets, securing 2.6 billion roubles in credit lines from VTB and Alfa-Bank has further strengthened the financial position of the Dixy Group, and reconfirmed the creditors’ confidence in our Company“ - commented Elena Kochetkova, the Director of Corporate Finance of the Dixy Group of Companies.