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Russia's Polyus Gold secures $2.5 bln financing from Sberbank
January 26, 2016 / 6:57 AM / 2 years ago

Russia's Polyus Gold secures $2.5 bln financing from Sberbank

MOSCOW, Jan 26 (Reuters) - Russia’s largest gold producer Polyus Gold said on Tuesday it had secured a credit line worth $2.5 billion from Sberbank.

Polyus did not say how it would use the funds. Interfax news agency reported last week a Sberbank loan would be partially used to finance a buy-back of Polyus shares on the market. (Reporting by Maria Kiselyova; writing by Polina Devitt)

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