AK Altynalmas announces consolidated loan of up to EUR470.0 mln secured by group of companies of Kazakhstan's gold-mining sector

29.11.19, 16:59
/KASE, November 29, 2019/ – AK Altynalmas (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of November 29, 2019: quote As part of business promoting initiatives through construction of new enterprises and expanding the assets base, a group of leading companies of the gold-mining sector secured a consolidated loan from structures of VTB Bank. The funds will be used for purchase by AK Altynalmas of a controlling interest in GMK KAZAKHALTYN JSC, implementation of the project Aksu with capacity of 5 million tons of ore a year and optimization of the company's debt portfolio. Besides, VTB Capital acts as a financial consultant of AK Altynalmas on purchase of a controlling block of shares in GMK KAZAKHALTYN JSC. unquote The full press release is available on – http://kase.kz/files/emitters/ALMS/alms_reliz_291119_1.pdf [2019-11-29]