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VTB WILL TRANSFER ASSETS WORTH 170 BILLION RUBLES TO A NEW LEGAL ENTITY

VTB shareholders (MOEX: VTBR) have approved the creation of a separate legal entity to manage blocked assets. This decision was made at an extraordinary meeting. By the end of 2024, the bank intends to transfer assets and debts to creditors from unfriendly countries to a new separate legal entity. The total amount of obligations is up to 170 billion rubles, Kommersant clarifies. As explained in the VTB press service, such a measure will help to increase the efficiency ...

VTB DEMANDS MORE THAN 2 BILLION FROM THE "PHARMACY FROM THE WAREHOUSE"

VTB Bank filed a lawsuit for over 2 billion rubles against the Pharmacy from the Warehouse network (No. A40-189082/2024). The court accepted the application of the credit institution for production. The essence of the requirements for the pharmacy chain ...

VTB WAS NOT SATISFIED WITH THE CHANGE OF OWNERS IN THE "DAIRY CULTURE"

... beneficiary of the parent company of the group "Dairy Culture" ("MK"). VTB was not satisfied that he transferred 99% of assets to other persons. Experts believe... ... a co-owner of Artis-Agro Export. At the moment, the organization is going through a bankruptcy process. In 2022, the businessman turned out to be a person involved in the... ... Kommersant, the entrepreneur owed him $378 million. VTB reports on the businessman's debt of 1.4 billion rubles and $ 16.1 million. The basis was a guarantee on a credit...

CO-OWNER OF "SHOES OF RUSSIA" TITOV BANKRUPT VTB

... weeks ago, Rusbankrot already covered the problem of OR Group related to default in early 2022. It is not surprising that soon bankruptcy applications began to arrive from several companies. Among the creditors were not only banks (VTB, Sberbank, Promsvyazbank), partners of the firm (Megapolis, TEK-Magistral), but also some private individuals. The firm tried ... ... from open sources, the company's assets amount to 22.3 billion rubles. At the same time , back in June 2022 , the company's debts were estimated at 4.75 billion. The trading platform was created in 2003 in Novosibirsk. It includes a number of trading ...

VTB AND SBERBANK WILL BANKRUPT THE BOND ISSUER OR GROUP

... organizations have submitted applications for joining the micro-credit company OR Group - LLC "Arithmetic". Sberbank and VTB have filed applications to the Moscow Arbitration Court to declare bankrupt LLC OR (the issuer of bonds of OR Group, a Russian ... ... and retail sale of shoes, the second is a shoe factory. In addition, banks have filed applications for entry into the case of bankruptcy of the micro-credit organization OR Group - LLC "Arithmetic". It was initiated by entrepreneur Yulia Zozulya....

MECHEL COMPANY IS ON THE VERGE OF BANKRUPTCY

... than 20 enterprises, announced that it was unable to pay off billions of dollars in debt. According to a report released by the holding, the debt to creditors amounted... ... more favorable for the company. In 2020, having entered into lucrative agreements with VTB and Gazprombank, the company restructured a significant part of its debt, extending... ... 2020, Mechel managed to deal with 88% of its debt obligations. Experts note that the bankruptcy of the Mechel holding in the current situation is disadvantageous to foreign...

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