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We know everything about bankruptcy
05/12/2025
Friday
THIS DAY IN HISTORY:
5 December 
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
5 December
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
A wood-processing plant was put up for auction in St. Petersburg for 41 billion
Auctions are to be held in St. Petersburg, where it is planned to sell 16.8 billion shares of Novotorzhsky LPC (JSC). The organization, as it is known, controls two woodworking enterprises "Terra" and "Arbor" in the Tver region. The auction was organized as part of the competitive production of the STOD company, which owns the Novotorzhsky LPK.
The amount of the transaction is 41.9 billion – interviewed by the publication (https://www.kommersant.ru/doc/7972567 )Kommersant (https://www.kommersant.ru/doc/7972567 )" (https://www.kommersant.ru/doc/7972567 experts consider it to be overestimated by two times and predict that these auctions will not take place.
The timber processing plant from Torzhok is engaged in the production of LVL timber, OSB boards, as well as wood and fuel pellets. LPC products manufactured under the Ultralam brand are widely known in the market. The company is also actively engaged in housing construction. The company leases a logging area of about 200 thousand square meters. meters. The company's debt liquidation needs are caused by long-term financial problems.
For the first time, STOD received the status of insolvent in early 2022. However, later, after making changes to the procedure, external management was established in the organization. Over 45 billion rubles were demanded from her. The main part of the debt (41.9 billion) was made up of commitments on loans issued by VEB.The Russian Federation in 2013.
In February of this year, the bankruptcy procedure was resumed. The external manager proposed to create a joint-stock company based on the company's assets, the shares of which will be sold. The court upheld this statement.
The main shareholder of STOD is the bankrupt ex-billionaire Alexander Ebralidze. In November 2022, the sale process began with respect to his property. In 2023, he became a defendant in a criminal case. The investigation accused him of embezzling about 3 billion held in Constance Bank. He was convicted and sentenced to 3 years in prison, but was released after serving time in a pre-trial detention center.
Analysts believe that with the stated value of the lot, the auction may not take place. A potential buyer could only be a business that is ready to integrate these enterprises into its production chain with a strategic goal. This may be, for example, a large construction company or a manufacturer of wooden houses, for which the presence of factories and the production of building materials will be beneficial.
Photo: Freepik
The amount of the transaction is 41.9 billion – interviewed by the publication (https://www.kommersant.ru/doc/7972567 )Kommersant (https://www.kommersant.ru/doc/7972567 )" (https://www.kommersant.ru/doc/7972567 experts consider it to be overestimated by two times and predict that these auctions will not take place.
The timber processing plant from Torzhok is engaged in the production of LVL timber, OSB boards, as well as wood and fuel pellets. LPC products manufactured under the Ultralam brand are widely known in the market. The company is also actively engaged in housing construction. The company leases a logging area of about 200 thousand square meters. meters. The company's debt liquidation needs are caused by long-term financial problems.
For the first time, STOD received the status of insolvent in early 2022. However, later, after making changes to the procedure, external management was established in the organization. Over 45 billion rubles were demanded from her. The main part of the debt (41.9 billion) was made up of commitments on loans issued by VEB.The Russian Federation in 2013.
In February of this year, the bankruptcy procedure was resumed. The external manager proposed to create a joint-stock company based on the company's assets, the shares of which will be sold. The court upheld this statement.
The main shareholder of STOD is the bankrupt ex-billionaire Alexander Ebralidze. In November 2022, the sale process began with respect to his property. In 2023, he became a defendant in a criminal case. The investigation accused him of embezzling about 3 billion held in Constance Bank. He was convicted and sentenced to 3 years in prison, but was released after serving time in a pre-trial detention center.
Analysts believe that with the stated value of the lot, the auction may not take place. A potential buyer could only be a business that is ready to integrate these enterprises into its production chain with a strategic goal. This may be, for example, a large construction company or a manufacturer of wooden houses, for which the presence of factories and the production of building materials will be beneficial.
Photo: Freepik
19.08.2025
