MVM LLC received a loan of ₽8.5 billion from the retailer's major shareholder, Uzhakhov Bilan. Loan for a period of 5 years was provided for general corporate purposes, including debt refinancing and/or working capital replenishment. Interest rate is 10% of the key rate of the Bank of Russia, but not less than 2% per annum. Loan was issued as part of the ₽30 billion additional capitalization announced earlier, the company's press service explained, noting that the chosen method of providing capital does not dilute shareholders' stakes.
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