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Court to appoint assessor of Baltiysky Zavod's pledged shares on November 7

14:14 28/10/2011

MOSCOW, October 28 - RAPSI, Alyona Yegorova. The Moscow Commercial Court has postponed for November 7 the hearing on the appointment of an assessor to the Baltiysky Zavod's stake pledged under Bank of Russia loans, the Russian Legal Information Agency (RAPSI) reports from the courtroom.

Mezhprombank building, Moscow.Mezhprombank building, Moscow.

The court has announced the postponement to ask the plant to file information for an expert report. The plant representatives failed to come to court on Friday.

The Bank of Russia filed a petition for an expert report regarding the case in which the bank seeks to recover a 88.32-percent stake in Baltiysky Zavod. The shares were pledged under an agreement dated July 15, 2010 as a security for Mezhprombank loans worth roughly 32 billion rubles ($1 billion).

According to earlier reports, the shares were handed over to the management of the United Shipbuilding Corporation (OSK). OSK is taking over Baltiysky Zavod with its debts exceeding 8 billion rubles.

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Court to appoint assessor of Baltiysky Zavod's pledged shares on November 7

14:14 28/10/2011 The Moscow Commercial Court has postponed for November 7 the hearing on the appointment of an assessor to the Baltiysky Zavod's stake pledged under Bank of Russia loans.
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