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Former Putinka vodka distributor’s bankruptcy petition to be heard on Feb.24

Tags: Russia, Moscow
11:54 23/01/2012

MOSCOW, January 23 - RAPSI. A commercial court scheduled February 24 to hear the Vinexim alcohol distributor’s petition for own bankruptcy, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Friday.

Court records indicate that Vinexim’s debt amounts to 4.29 billion rubles ($137 million).

The Moscow Commercial Court satisfied three Rosselkhozbank lawsuits against and the Cheryomushkinsky market and Vinexim for a total of 1.9 billion rubles ($60.7 million).

The bank sought to recover the debt under loan agreements. The claims amounted to 956.7 million rubles ($30.5 million), 520.9 million rubles ($16.6 million) and 517.5 million rubles ($16.5 million).

According to the media, the market and Vinexim considered co-investing in a multifunctional complex project in 2005-2006 in Moscow. The project was never implemented.

Vinexim was established in 2000. It promotes such vodka brands as "Rublёvka", "Volodya and Bears" etc. Earlier it sold the Putinka vodka, but in spring 2011 it was acquired by East-European Distribution Company. Stanislav Kaufman is the author of the company brand names.

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Former Putinka vodka distributor’s bankruptcy petition to be heard on Feb.24

11:54 23/01/2012 A commercial court scheduled February 24 to hear the Vinexim alcohol distributor’s petition for own bankruptcy, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Friday.
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