Azmeco and Sberbank in $1.5bn financing deal

Sberbank last week agreed to provide the Azeri petrochemical company Azmeco with a $1.5bn financing package. Azmeco will use the cash injection for the financing and refinancing of several major projects, including the Karadagh methanol plant near Baku, its commercial property portfolio in Moscow, the construction of a methanol plant in south-west  Russia and a series of medium and large business deals in Crimea. News.AZ