While Sberbank does not withdraw claims to “Mechel”

While Sberbank does not withdraw claims to “Mechel”


First Deputy Chairman of Sberbank Maxim Poletayev said that he is maturing inside a deep certainty that before the year’s end the parties agree on the restructuring of debts of “Mechel”.

LONDON, 22 Oct. Sberbank, one of the largest creditors of “Mechel”, has no plans to withdraw the suits against the company, said the first Deputy Chairman of Sberbank Maxim Poletayev. However, he is confident that the parties before the end of the year will be able to negotiate the restructuring of debts of “Mechel”.

“On “Mechel” I can say this: we don’t stop with the lawsuits, but I have matured inside a deep confidence that we are the end of the year will agree,” said Poletaev journalists.

“I’m rarely optimistic in relation to “Mechel”. Due to the fact that it’s still confident, and not belief, we don’t stop until claims. As a kind of guarantee that the fragile compromise that we found, between all banks and “a Mechel” — that he doesn’t collapsed,” he added.

Sberbank is the third and most uncompromising of the largest creditors of “Mechel”. With the other two — Gazprombank and VTB — metallurgical company have already agreed on debt restructuring.

Debt “Mechel” before Gazprombank at the end of June was approximately $ 2.3 billion, before the VTB — $ 1.8 billion before savings — $ 1.3 billion. Total debt of “Mechel”, according to the company, on September 1, 2015 amounted to $ 6,313 billion.

Earlier Thursday, the head of Minpromtorg Denis Manturov expressed the view that Mechel and Sberbank of Russia will be able to negotiate a restructuring.