AO UniCredit Bank and Power Machines signed agreements to increase revolving credit-documentary limit up to 520 million euro.

The Company will use this limit to obtain bank guarantees/letters of credit and to finance its current activities.

“UniCredit Bank has long-lasting partnership relations with Power Machines”, said Vadim Aparkhov, Head of Large Corporates Department of UniCredit Bank, “As one of the largest enterprises of the industry the company actively participates in many projects of national importance and we are glad to support it as a financial partner”.

Power Machines is a global power engineering company – one of the world’s top-ten industry leaders in terms of installed-equipment volume. The Company boasts a wealth of experience and expertise in the engineering-design, manufacturing and supply of equipment sets for thermal, nuclear and hydro power plants.