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Saratov Glass Institute is on the verge of bankruptcy

... creditors took place on October 22, at which a decision to apply for a transition to bankruptcy proceedings was made. Despite the position of SGI’s minority creditors, who suggested introducing an external management at the enterprise, the main creditors, Promsvyazbank and VEB.RF, voted for the bankruptcy proceedings. The debt to them is 435 million and 928 million, respectively, which is more than 90% of the total amount of 1.5 billion rubles debt, included in the register of creditors’ claims. According ...

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