
The owners of the large Russian oil terminal Ust Luga at St Petersburg, Cypriot company Gunvor Group, has secured USD 675 million for financing the planned expansions of the Baltic Sea terminal.
And it wasn't difficult for Gunvor Group to find investors for this last part of the port expansion, which began in 2011, when the group started with investments for a total of USD 1 billion. In fact, investors were ready to supply USD 1.3 billion, according to Bloomberg. The financing primarily comes from Russian investors.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app