Approved a settlement agreement between the savings Bank and “southern Kuzbass” on a claim for $224,1 million

Moscow. December 21. The Moscow arbitration court on Monday approved the settlement agreement on the suit of the savings Bank about collecting with “southern Kuzbas” (enters in “Mechel-mining”) $224,1 million debt on the loan, the correspondent reported from the court.

Earlier on Monday the court approved settlement agreements in two lawsuits of the savings Bank about collecting with “southern Kuzbass” debt in the amount of RUB 3.3 billion and $445 million.

As reported, at the same time, the court granted the petition of the savings Bank about expanding the scope of these lawsuits by increasing penalties. The size of these requirements is not called. The representative of the Respondent did not oppose the motions and conditions of the settlement agreements, which were concluded on 18 December. The court dismissed the proceedings on both claims.

The claim of the savings Bank about collecting with “southern Kuzbas” to 3.1 billion rubles was appointed on 22 December.

Sberbank has long been the only state Bank is the creditor, not soglasivshisj for restructuring of debts of “Mechel”.

To date, the company has agreed with VTB and Gazprombank, to restructure the debts. In June 2015, the head of Gazprombank Andrei Akimov said that the Bank might buy part of the debt of “Mechel” before the savings Bank.

As of 10 December, the total debt of “Mechel”, according to the company, $6,178 billion, of which 66% came from the state banks. In September it decreased by 4.3%.

“Southern Kuzbass” – one of the largest mining companies of the Russian Federation in its composition 3 mine, 4 section, 4 concentrator, tomusinskiy auto transport management and a number of subsidiary companies.

“Mechel-mining” brings together the mining business of the group “Mechel”. In the group “Mechel” consolidated controlling stakes in metallurgical, coal, energy companies and trading ports. The main beneficiary of JSC “Mechel” is the Chairman of the Board of Directors of group Igor Zyuzin.