Men: “SU-155” became a victim of the crisis and the selected financial model

Men: “SU-155” became a victim of the crisis and the selected financial model


The Ministry of construction jointly with the experts examined the status of the company and concluded that the intent of the developer in the current situation there, the company became a victim of the crisis and financial models, designed for continuous market growth, said the head of the Ministry Mikhail Men.

MOSCOW, 14 Oct. GK “SU-155” became a victim of the crisis and financial models, designed for continuous market growth, said Wednesday at a meeting of the Presidium of the public Council under the Ministry of construction of the Russian Federation the head of Department Mikhail Men.

According to him, the Ministry of construction jointly with the experts examined the status of the company and concluded that the intent of the developer in the current situation there, the company became a victim of the crisis and financial model designed for continuous market growth. A decision was made about government intervention, otherwise there is a risk of appearance of new affected shareholders, said the Minister, explaining that there were possible variants of completion of construction of problem objects of the company by market participants.

“Until I specify nothing, the process is in operation”, — he stressed. Men also noted that the state does not imply the direct involvement of the Federal budget, rather, the state acts in this case as “arbitrator”.

Earlier in the press service of the company reported that “SU-155” for the completion of objects under construction is necessary 10 billion roubles, the company does not need direct financial assistance, and credit mechanism of state guarantees.

As previously reported, the Ministry of construction of the Russian Federation established a working group for solving the problems of “SU-155”. In the work of the Commission it is planned to develop mechanisms for the output of “SU-155” the crisis in the first place, measures to prevent the emergence of new defrauded investors. One way to solve the problem of “SU-155” can be a debridement of GC Bank or construction company. Among other options, selling the assets of the company.

GK “SU-155” works in the construction sector in Russia for nearly 60 years. The group includes over 80 industrial and construction enterprises of building industry in 17 cities of Russia. Construction projects are located in 50 cities of Russia, CIS and Europe. As reported, currently the company is in a difficult financial situation and has overdue obligations to the shareholders, in particular, claims about bankruptcy “SU-155” gave the Bank “Globex”, VTB, Sberbank, Glavgosstroynadzor Moscow region, a number of companies and individuals — a total of about 20 statements.