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    LUKOIL gets $250 mln loan to buy Turkey's Akpet

    Reuters
    31.10.2008 - 17:16 | Son Güncelleme:

    LUKOIL, Russia's second-largest oil producer, has raised a three-year $250 million loan at 6.5 percent from a group of banks to finance its purchase of Turkish petrol retailer Akpet, it said on Friday.

    The lenders were ABN Amro, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, Dresdner Kleinwort, ING and West LB.

    LUKOIL President Vagit Alekperov said at the time the acquisition was announced that the price was $500 million.

    LUKOIL spokesman Dmitry Dolgov said the company agreed to pay off the purchase in installments, and the final price would be confirmed at the end of the payment period, at the end of 2009.


     

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