Russian Oil Pump Maker Seeks $736M Financing Boost

Law360, New York (August 30, 2013, 2:15 PM EDT) -- The World Bank's investment arm said Friday that it is considering providing $200 million in equity and debt as part of a broader $736 million financing package sought by a Russian company that makes pumps used in oil wells.

The International Finance Corp. is weighing a loan or bond investment of up to $50 million, as well as a syndicated loan of up to $130 million and a $21 million equity investment in Borets International Ltd. The bank is set to decide by Sept. 30....
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