Thursday, September 6, 2007

Norilsk Nickel has wrapped up syndication of $3.5 bln loans to take over LionOre.

Russian metal giant Norilsk Nickel has completed the syndication of credit facilities for a total of $3.5 bln, the company said in a statement. The credits were issued as part of a $6 bln fund-raising procedure aimed at taking over Canadian nickel and gold producer LionOre Mining.

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[Source: Russian Stock Market Blog]

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