North West | Real estate | Finance, business

Sberbank to loan $140m to LSR on brick plant construction

31 Mar '11
St. Petersburg developer LSR Group has announced plans to take out a $141m loan with Sberbank.

The loan terms have yet to be disclosed.

Under plans, the funds are to be used to finish construction of a brick plant in Leningrad region. Total investment into the plant construction is estimated at $353m.
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