March 1 Ria Novosti
Shareholders of Siberian Agrarian Holding (SAHO) have agreed to sell 100% of the company’s shares to “Biznis Otsenkiya”, a company controlled by Leonid Mayevskiy. As a result, IFC “Metropol”, which began working with SAHO last December as crisis manager, announced that it would withdraw from the restructuring of SAHO bank debt, which is estimated at 15-18 billion rubles (USD 500 million to USD 600 million). That responsibility will now be taken on by Mayevskiy. This is not the first troubled asset acquired by Mayevskiy: a year ago he bailed out “YuniTayl”, a ceramic tile business, by buying its debt estimated at 4 billion rubles.
Further report from RIA Novosti
