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Lukoil Raises $500 mln from Alfa Bank

Posted by September 18, 2015

Russian oil company Lukoil said on Friday it had raised $500 million in financing from Alfa Bank for five years.

It added that the funds would be used for general corporate purposes and that it had simultaneously repaid 30 billion roubles ($455.63 million) of one-year financing provided by Alfa Bank last July.

 

Reporting by Jack Stubbs

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