Ruric engages Alfa-Bank as an external consultant to support restructuring
(Thomson Reuters ONE) -
PRESS RELEASE / August 24, 2012
Ruric engages Alfa-Bank as an external consultant to support restructuring
After several attempts to reach the amicable agreement with bondholders
regarding the existing deadlock in the company's financing and restrictions
imposed by the bondholders agreement, Ruric decided to involve an external
consultant to assist in that matter.
Ruric engaged Alfa-Bank into the work related to restructuring on the Ruric
bond.
Alfa-Bank being a reputable investment institution has a significant experience
related to problematic debt instruments and the Russian property sector.
For additional information
Ingvar Ljungqvist, CEO
Phone +46 8 509 001 01
Email iljungqvist(at)ruric.com
Denis Savinkin, CFO
Email dsavinkin(at)ruric.com
Web www.ruric.com
ABOUT RURIC
Ruric's business strategy is to manage real estate in the center of St
Petersburg. In addition Ruric shall also acquire real estate and implement value
creating additional investments at attractive conditions. Through professional
management and good tenant relations spaces of high class are offered to tenants
looking for possible spaces in central locations willing to pay for it. Ruric
offers primarily office- and retail premises.
Ruric's Certified Advisor at First North is Erik Penser Bankaktiebolag
ABOUT ALFA-BANK
Founded in 1990, Alfa-Bank is a full-service bank operating in most sectors
of the financial market, including retail and corporate lending, investment
banking, trade finance and asset management.
Alfa-Bank is Russia's largest private bank in terms of total assets, total
equity, customer accounts and loan portfolio.
According to its audited IFRS financial statements for the full year 2011, the
Alfa Banking Group, which comprises OJSC Alfa-Bank as well as its subsidiary
banks and financial companies, had total assets of $31.4 bln, gross loans
of $23.2 bln, and total equity of $3.4 bln. Net profit after tax for 2011
amounted to $641 mln.
The Alfa Banking Group's corporate and retail client base has grown considerably
over the last several years: as of January 1, 2012 Alfa-Bank Group serves around
55,800 corporate and 6.3 mln retail customers, while the branch network consists
of 465 offices across Russia and abroad, including a subsidiary bank in the
Netherlands and financial subsidiaries in the United States, the United Kingdom
and Cyprus.
Ruric engages Alfa-Bank as an external consultant:
http://hugin.info/141656/R/1636183/525732.pdf
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Source: Russian Real Estate Investment Company via Thomson Reuters ONE
[HUG#1636183]
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2012 - 17:00 Uhr
Sprache: Deutsch
News-ID 177496
Anzahl Zeichen: 3487
contact information:
Town:
Stockholm
Kategorie:
Business News
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