RussiaТs Samolet may abandon plans to buy developer Inteco - Construction & Real Estate - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

RussiaТs Samolet may abandon plans to buy developer Inteco

MOSCOW, Nov 26 (PRIME) -- Russian real estate developer Samolet Group may abandon its decision to acquire developer Inteco, if Bank Trust restarts the sale, Samolet CEO Anton Yelistratov told PRIME on Friday.

When asked whether the company would participate in an auction after Bank Trust solves all legal problems, he said, УThe situation is uncertain, this is why it is difficult to answer this question with unambiguity, but the most probable answer is СnoТ even if they relaunch the auction.Ф

Bank Trust earlier set up an auction for 100% in Inteco for 29.6 billion rubles plus 7.8 billion rubles of debt claims against the company. But Morden Finance Limited, which calls itself IntecoТs beneficiary, filed a suit to the Moscow Arbitration Court asking it to ensure its ownership interest in the developer.

Morden Finance Limited, registered in the British Virgin Islands, said that the bank received control in Inteco with violations of the Russian and Cyprus laws, and the Nicosia District Court demanded that the Moscow Arbitration Court cancel the auction. Bank Trust suspended the auction until the case is settled even though the Moscow Arbitration Court did not arrest Inteco shares.

(74.6004 rubles Ц U.S. $1)

End %%md/jst%%

26.11.2021 08:21
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 83.2406 -0.5699 04 dec
USD 73.7426 -0.3211 04 dec
Stock Market Indices
1D 1W 1M 1Y
micex 3919.79 +0.17 10:34 06 dec
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 347.40 +0.41 10:18 06 dec
lkoh 6688.00 +0.73 10:18 06 dec
rosn 581.00 +0.77 10:18 06 dec
sber 323.63 +0.93 10:18 06 dec
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 83.1150 -0.0050 10:18 06 dec
USDTD 73.6675 +0.0375 10:18 06 dec