Sviaz-Bank to Open Credit Line to Michele-Alco
OREANDA-NEWS. September 07, 2011. Sviaz-Bank’s branch in Rostov is to open a revolving line of credit, with a 340 million rubles limit, to Michele-Alco LLC for a term of three years, reported the press-centre of Sviaz-Bank.
The company will use the borrowed funds to increase its working capital.
Michele-Alco is the biggest distributor of alcoholic beverages in Rostov on Don and Rostov Region.
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