The savings Bank and Mechel signed a settlement agreement on the lawsuit for $51 million

The savings Bank and Mechel signed a settlement agreement on the lawsuit for $51 million


This is the last of the four lawsuit filed by Sberbank requirements to the “South Kuzbass”. Earlier the arbitration of Moscow approved the settlement agreements on the recovery of a total of about 669 million dollars and 3.3 billion rubles.

MOSCOW, 22 Dec. Representatives of Sberbank and the coal company “southern Kuzbass”, included in “Mechel” have informed in the Moscow arbitration court that has entered into a settlement agreement on the suit of the Bank to collect with “daughters” metallurgical company of 51 million dollars, and asked the court to approve it, the correspondent from a court hall.

“We have a joint motion by defendant for approval of settlement agreement”, — said the representative of the savings Bank. The representative of the Respondent is confirmed.

This is the fourth and last, the lawsuit filed from a major Russian Bank on 6 October requirements “southern Kuzbass”. The arbitration of Moscow on December 21 approved settlement agreements for three other claims — about collecting a total of about 669 million dollars and 3.3 billion rubles. The terms of the settlement agreements in court were not announced.