The court on December 21 to approve the world on claims of Sberbank session

The court on December 21 to approve the world on claims of Sberbank session


Representatives of Sberbank and “Mechel” has declared in Arbitration court of Moscow that the signing of settlement agreements for these claims and asked the court to postpone the hearing to a date no later than December 22.

MOSCOW, 2 Dec. The Moscow arbitration court postponed on December 21 a preliminary hearing on two claims of the savings Bank on recovery of a total of approximately 445 million dollars and 3.3 billion rubles from the coal company “southern Kuzbass”, included in “Mechel”, the correspondent from a court hall.

Representatives of the parties have stated in court that the signing of settlement agreements for these claims and asked the court to postpone the hearing to a date no later than December 22.

At the meeting on consideration of the claim about collecting more than 224 million dollars on November 30 the parties also stated that the signing of the settlement agreement is in the final stages, and its consideration also postponed to December 21.

The fourth and last claim of the savings Bank to the “South Kuzbass” 51 million dollars the court will start considering on December 8. All these claims are entered into the arbitration on 6 October. The total requirements for the four claims totaled more than $ 720 million and about 3.3 billion rubles.

Sberbank is the third largest creditors of “Mechel”. With the other two — Gazprombank and VTB — metallurgical company have already agreed on debt restructuring. Negotiations with the largest Russian Bank continue. 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, as of 1 September 2015, was $ 6,313 billion. “Mechel” — one of the world’s leading companies in the mining and metallurgical industries. It includes over 20 industrial enterprises — producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electric energy. The company’s principal shareholder is the Chairman of the Board of Directors Igor Zyuzin.