Alfa-Bank Partners with DelExpress, Increases Credit Limit for Logistics Investments
Alfa-Bank has signed a strategic partnership agreement with logistics operator DelExpress, including a credit limit increase to support two new investment projects in the fertilizer and automotive sectors.
Alfa-Bank signed a strategic partnership agreement with DelExpress, a Russian logistics operator. The deal includes cooperation on investment projects and an increase in the company's credit limit.
The additional financing will help DelExpress implement two new investment projects related to the fertilizer market and the automotive industry.
The move highlights banks' continued focus on logistics, as demand for transportation services grows alongside import substitution in Russia.
Source: MarketTwits