Sber closed a major transaction with “Mikhailovsky GBZ” in green metallurgy

Sber closed the lending to the “Mikhailovsky GBJ” lending (created by the USM group and Mikhailovsky Gok, which is part of Metalloinvest) for the construction of a hot-chicted iron plant (GBZ) – raw materials for the production of steel with low carbon trail. The loan amount amounted to $ 615 million, until the end of 2034. About this “LENTE.RU” reported in the press service of the Sberbank.

I am glad that a strategic cooperation agreement, which we signed with a PMEF partner this year, today realized in the form of funding in the amount of $ 615 million. In the construction project, green technologies that minimize environmental impact are widely used. What is extremely important, including for the bank from the point of view of sustainable development and ESG-Agenda, “Deputy Chairman of the Board of Sberbank Anatoly Popov.

Mikhailovsky GBJ (55 percent belongs to USM, 45 percent – Mikhailovsky Goku) is implementing a construction project in Zheleznogorsk (Kursk region) of one of the world’s largest factories for the production of GBA. The production capacity of the enterprise will exceed 2 million tons per year.

New production is planned to be launched in the first half of 2024, as a result of which about 400 highly skilled jobs will be created.

/Media reports.