Рейтинг@Mail.ru
RusEng

News

Court commences supervisory procedure against Astoria Group

17:02 28/09/2011

MOSCOW, September 28 - RAPSI, Natalya Belova. A commercial court initiated a supervisory procedure against Astoria Group, the Russian Legal Information Agency (RAPSI) reported from the courtroom on Wednesday.

Astoria Group was established in 2004. It is primary engaged in constructing multifunctional complexes in Russia's major cities.

VTB Bank, which is Astoria Group's sole shareholder, submitted a bankruptcy statement regarding the group. The court rated the group's debt worth $59.62 million as third priority debt.

Astoria Group confirmed the group's debt at the hearing.

VTB Bank, Russia's second largest bank in terms of assets, was established in October 1990. The Russian government is the bank's primary shareholder, with an 85.5-percent stake. VTB Bank mostly works with corporate customers.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Court commences supervisory procedure against Astoria Group

17:02 28/09/2011 A commercial court initiated a supervisory procedure against Astoria Group.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news