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Aeroflot to receive short-term loan of EUR331 million from Sberbank: reports

22-Mar-2010 12:36 PM

Aeroflot will reportedly receive a short-term loan of EUR331 million from Sberbank, with the aim of the loan to enable the carrier to repurchase 25.8% of company shares from National Reserve Bank (Aviaport, 19-Mar-2010). The carrier reportedly plans to place RUB12 billion (EUR302 million) exchange bonds to pay back the loan.