That to Russian it is good, and to the German advantage

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The Russian owners of Ukrainian "Ocean" obtained the credit of the German government.

The ship-building group Wadan Yards belonging to group of the Russian businessmen, obtained the credit from the government of Germany for the sum of 180 million euros. About it reports a press - company service.

KFW IPEX-Bank Gmbh and Deutsche Bank AG acted as financing banks. The effective rate makes 7,85% per annum. Providing the credit are pledge of the fixed and supportive applications, guarantees of the German government, insurance contracts, mortgages on vessels, refusal of pledge and sale of shares for the period of the transaction.

The target credit for a vessel construction is allocated the companies within the program of the government of Germany "Umbrella" directed on support of the German enterprises in a situation of an economic crisis. Earlier in January, 2009 of Wadan Yards obtained as prefinancing one more credit to the amount of 60 million euros from the government of the State of Mecklenburg - Forward Pomerania in which territory there are German shipyards of ship-building group.

According to the chairman of the board of directors of Wadan Yards group Andrey Burlakov, today Wadan Yards - the only shipbuilding company in Germany which managed to attract the loan from the German government on support of a production activity and liquidity of the shipyards.

Wadan Yards is created in July, 2008 as a result of the transaction on acquisition by the FLC West company belonging to group of the Russian investors, part of assets of Aker Yards shipbuilding company. Three shipyards were a part of the transaction - two in Germany (Wismar and Varnemyunde) and one in Ukraine (the Nikolaev plant "Okean"), and also the 2nd design - bureau and 2 engineering centers.

Now 70% of shares of the company of Wadan Yards belong to FLC West, and 30% - to the Korean concern STX which has redeemed in September, 2008 of Aker Yards. The board of directors of Wadan Yards is headed by one of shareholders of FLC West, the Russian businessman Andrey Burlakov. Today in a portfolio of orders of the company - 19 vessels: 12 of them are under construction in Germany, 7 - in Ukraine. Offices of the company are in Moscow, Oslo, Rostock and Varnemyunda.


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