PAVA Obtains Extension Of The Lending Limit From Bank Of Moscow

Barnaul, Russian Federation (PressExposure) November 17, 2009 -- According to OJSC PAVA financial department, the Bank of Moscow granted an additional lending limit to the company to the amount of RUR77 mln. The agreement, signed in October of the current year, follows a positive revaluation of the company's collateral which significantly increased availability of the credit facilities. The funds are intended for purchase of grain to be processed on PAVA mills with the total daily capacity of 1,500 MT.

The grain processor attracts credit resources in the largest Russian and international banks, enjoying reputation of a reliable partner with a well-defined and dynamic growth strategy. It should be noted, that the large scale of activities enables the company to obtain RUR loans which have a minimal interest rate of 13.5%.

PAVA is one of the leading grain processors in Russia. The company specializes in production of flour of different grades, cereals, bran and animal feed. Today, the primary development goal is transition to a vertically integrated business model, which includes active expansion of farming and implementing the deep wheat processing project.

About PAVA

PAVA is one of the major grain processors in Russia. The company represents a 3% share of the national flour market. According to 2007 results, it was given the status 'Leading Exporter of the Industry' by Russian Ministry of Economic Development. Recently PAVA has developed a new strategy - creation of a vertically integrated agroindustrial holding. It is based on implementation of 2 projects: RAD (agricultural business operations) and Grainvest (deep grain processing), consolidated under GlobalAgro structure.

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Press Release Submitted On: November 17, 2009 at 2:28 am
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