OREANDA-NEWS. May 21, 2013. As part of its strategic partnership development with Acron Group, VTB Bank has signed loan agreements with Acron totally worth USD 150 million.

The agreements are part of VTB’s three-year targeted program aimed at financing exports of fertilisers to a total value of up to USD 200 million.

The partnership between VTB Bank and Acron has been successfully developing since 1996. Along with loans VTB also provides transaction banking services to Acron, including cash management and documentary operations, and investment products.

For reference:
Acron Group is one of the world's largest producers of mineral fertilisers. It is the leading Russian producer and one of the world's biggest producers of NPK compound fertilisers. Acron is one of Russia's largest producers of ammonia and a wide range of nitrogen fertilisers. The company is also engaged in the development of potash and phosphate deposits. It includes three major production facilities (including Acron JSC), and has its own transport infrastructure and international sales network. Acron Group has a strong presence in the world's most promising fertiliser markets, including China, Russia, Thailand, Brazil and the United States.