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. Last Updated: 07/27/2016

Sidanko Debt Shifted

MOSCOW -- Germany's West LB bank will transfer the debt it holds in Russian oil company Sidanko to the Tyumen Oil Co., Interfax reported Tuesday.

West LB has transferred the relevant documents to Dresdner Bank, which heads a bank syndicate that loaned Sidanko $175 million, Interfax quoted Tyumen Oil Co. as saying in a statement.

Tyumen Oil said a West LB official announced the transfer at a meeting between Sidanko bank creditors and Tyumen Oil in D?sseldorf last week, Interfax reported.