OREANDA-NEWS.  October 24, 2014. Sberbank CIB signed a number of agreements to provide financing and bank guarantees for a period of 3 years for Synergy Group’s largest manufacturing platforms: JSC Mariinsky Liquor and Vodka Distillery, JSC Permsky Wine and Vodka Distillery URALALKO, JSC Arkhangelsk Liquor and Vodka Distillery and CJSC ROOM. Within the framework of these agreements bank guarantees worth more than RUB 5 bln will be provided in favor of the tax authorities and the Interregional Office of the Federal Service for Regulating Alcohol Market, as well as working capital financing worth more than RUB 1.5 bln.

“We have cooperated with Synergy Group companies since 1999 and value the partnership we have built. The Holding has proved to be a reliable borrower and is one of our key clients in the alcohol segment. In May of this year Sberbank CIB organized a bank guarantee for Synergy Group worth RUB 10 bln and a RUB 2 bln loan to finance current operations.

The signed deals will facilitate a significant increase in the current volume of long term cooperation between our companies,” commented Dmitry Sredin, Managing Director - Senior Banker, Client Management Department, Sberbank CIB.