We know everything about bankruptcy
18/12/2024
Wednesday
18 December 
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 France, on behalf of 25 EU countries, called for the decriminalization of same-sex relations.
1970 The slavery was abolished in the United States.
1970 the slavery in the United States was abolished.
1970 The anthem of the Russian Empire “God Save the Tsar!” was performed for the first time.
SOVCOMBANK INTENDS TO BANKRUPT THE SVYAZNOY CHAIN OF STORES
Sovcombank is not the only credit institution that requires a chain of stores to pay off debt. In July 2022, similar applications to the arbitration of Moscow were received from Alfa-Bank. The reason was delays in the repayment schedule of the debt to the bank.
In addition to several lawsuits against Svyaznoy, the bank also sent a financial claim in the amount of 5.99 billion to the majority owner of the network (he has a blocking stake of 25% of shares plus one), the Cypriot company DTSRetail Ltd. Among the other co–owners of Svyaznoy, in addition to Svyaznoy Group (with a 5.61% stake) and Euroset (Euroset Holding N.V., the company is registered in the Netherlands, the share is 24.89%), Cinnamon Shore Ltd also appears (the organization is registered in the Virgin Islands, the share is 0.25%).
Experts noted that since the beginning of 2022, Svyaznoy has been rapidly accumulating debt obligations, using the moratorium as a "lifesaver". As a result, about 80 claims for 14.2 billion rubles were filed against the organization. In addition to banking structures, the Merlion company, which distributes electronics, requires a large sum from the network. According to her, Svyaznoy owed 5.6 billion rubles.
For the high-tech market in which Svyaznoy operates, the bankruptcy of an organization can become a very serious financial shock. The organization employs about 13 thousand people, serving about a million customers in Russia every day.
Svyaznoy's retail outlets (there are about 2.6 thousand of them) are located in 1100 cities of the country. The company's revenue last year exceeded 105.5 billion rubles. At the same time, the retailer finished 2021 with a profit of 15.3 million rubles.
Earlier, the founder of Wylsacom, Valentin Petukhov, expressed the opinion that after the merger of Svyaznoy and Euroset into one holding, the first could be assigned the role of integrator of all obligations to creditors. The goal of such a business strategy could be to save Euroset as a more successful player in the market of electronic gadgets.
The issue of possible financial assistance that Svyaznoy may receive from its shareholders in the person of Solvers or Megafon is also being considered. This may require about 3 billion rubles. Whether this is true or not will become clear in the near future, since the moratorium on bankruptcy was terminated on October 1.
