The St. Petersburg Arbitration Court has included Sberbank’s $29 million claim into the creditors’ list of the Baltiysky Zavod shipbuilding company.
Sberbank earlier sought to include its $1.5 million claim in the creditors’ list, but enlarged its claim in late February. The major Russian bank seeks to recover the debt for a loan contract signed in October 2009. Sberbank issued a $68 million loan to Baltiysky Zavod to finance its production activities. The loan was set to mature in June 28, 2012. The St. Petersburg Commercial Court will also hear on April 28 the tax service’s request to include its $11 million claim into the creditors’ list. Baltiysky Zavod builds icebreakers, naval and large-capacity cargo ships. It also manufactures engineering products and energy equipment and supplies nonferrous and core-mold castings.
All materials are protected by copyright of TV&P and the provider of the content RAPSI. If you need further information on the subject, contact Kristoffer Svendsen.