Deutsche Bank, KfW and Gazprom in talks over gas pipeline loan

Jun 02, 2006 02:00 AM

Deutsche Bank and the state-owned Kreditanstalt fuer Wiederaufbau (KfW) banking group are negotiating with Gazprom over a multi-billion euro loan for constructing a portion of a planned Baltic-Sea natural-gas pipeline, announced the German government.
A public discussion about the deal “could endanger the success of the credit talks,” it said.

The financing would go toward construction of a portion of a 900 km-long pipeline to be built by the state-owned Russian energy giant, Gazprom, BASF and E.ON.

Source: AFX
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