Glavrasstroystvo

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Glavstroy" Oleg Deripaska the State act as a guarantor for loans totaling 20.6 billion rubles. If the corporation will not be able to obtain of state, the entrepreneur risks losing part of the construction business. At the end of March from "Glavstroya" deadline for repayment of the largest loan in the amount of 25 billion rubles. to the Savings Bank (49% of the total loan portfolio), a pledge which supports more than 35% of the shares in OAO "Glavmosstroy. The amount of overdue payments to other creditors of the "Glavstroya" has already reached 4767 billion rubles.

"Glavstroy" requests that the State act as a guarantor for loans totaling 20.6 billion rubles. That the corporation plans to take the banks to restructure debt owed to banks, working capital, (2 billion rubles.), As well as the completion of the construction of two neighborhoods in Moscow and Podolsk (3 billion rubles.) and the completion of Serebrianskaya cement plant (5.1 billion rubles.). The representative of the Ministry of Economic Development said "Kommersant" that the application "Glavstroya" is on the agenda scheduled for today's meeting of an interdepartmental committee to monitor the financial and economic state of the backbone companies.

According to the application "Glavstroya" (available to the "Kommersant"), the total credit load of the corporation reached 51.126 trillion rubles. The largest creditor of the corporation in favor Sberbank: total debt amounts to 25.036 trillion rubles., Or 49% of the total debt load, said the dated March this year, the application "Glavstroya" for the provision of state (in a "Kommersant"). "Since Sberbank <...> discussed the possibility of rollover of existing loans for a period of three to five years", - says the document signed by Alexei Barantseva, CEO of JSC "Glavstroy Management (55 combines the construction and development companies" Bazela). Agree with all the creditor banks to restructure the loan portfolio "Glavstroy plans before the end of March, stated in the application. However, subject to Mr. Barantsev, banks are willing to discuss the provision of funding under the ... to ensure the provision of liquidity in the form of real estate or government guarantees. " "Glavstroy" as "INTECH", which also requests gosgarantii (see "Kommersant" on March 11), entered the list of strategic enterprises in December 2008.

The loan to Sberbank "Glavstroy" should pay in a few weeks, told "Kommersant" two sources close to the company. According to them, the loan Oleg Deripaska sent to close the transaction on purchase patterns from Suleiman Kerimov 51% stake in SPC "Development", on the balance sheet which had a controlling stake in "Glavmosstroya" and OAO "Mospromstroymaterialy (MPSM). Then the amount of the transaction is valued at U.S. $ 250 million later on the basis of these companies "Bazel" created the corporation "Glavstroy. As for Mr Deripaska, currently owns 75% of the shares "Glavmosstroya, Sberbank has laid more than 35% but less than 50% of the shares of the company, said one of the interlocutors" Kommersant. " This information has confirmed one of the auditors, familiar with the credit agreement. Representatives of Sberbank Irina Kibina and Glavstroya Vitaly Korolev refused to comment on the conditions for collateral.

In addition to the Savings Bank of lenders are Bank of Moscow (4.3 billion rubles.), Alpha Bank (7.47 billion rubles.) Bank "Soyuz" (5.6 billion rubles.), VTB (3.098 trillion rubles.), Nomos Bank (2758 billion rubles.). Now the total amount of overdue payments on loans up to 4767 billion rubles., From which most of the accounts for VTB (more than 3 billion rubles.) And Alpha Bank (858 million rubles.). Vitaly Korolev from Glavstroya alleges that the corporation has recently agreed with the Bank of Moscow on the debt restructuring. In the mortgage lender were transferred assets MPSM, among which 80 of the properties in the capital, near Moscow, and visibly.

"Glavstroyu, like other major developers, pre-crisis transactions of M & A, are difficult to service the existing loan portfolio, says the director, Timur Batkin DS Realty. In the consolidated financial statements the corporation contained in the application, stating that the results of 2008 with revenues of 77.3 billion rubles. loss amounted to 6.56 billion rubles. In 2009, revenues are projected at 111.61 billion rubles. And loss - at 0.374 trillion rubles.