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Mezzanine financing was presented by Otkritie Bank to the GOTEK Group
Otkritie Bank has completed a deal to provide mezzanine financing to GOTEK, a corrugated packaging manufacturer. The total amount of the transaction was 3,5 million rubles.
According to the bank's press service, thanks to the operation, Otkrytie became the main creditor of the GOTEK group of companies. Thanks to the involvement of Otkritie Capital LLC in the transaction, it was possible to use a financial instrument that in the future will allow the bank to participate in the growth of the value of the company's share capital.
GOTEK is one of the largest manufacturers and a leader in innovations in corrugated packaging in Russia and a leader in innovations in the corrugated packaging market. According to Yekaterina Chirkova, Vice-President of Otkritie Bank, Director of the Customer Relations Department, the status of a pivotal bank for such a large company should lead to fruitful cooperation.
And as Timur Kamraev, General Director of Otkritie Capital, added, this mezzanine financing deal is a landmark for the company. It took place simultaneously with another deal by the company - its strategic international partner and investor, the Danish company Brødrene Hartmann.