The owner of “Sevkabel” has spoken about the future of its plant / RBC News Agency
Non-core assets bank “Trust”, which is a shareholder of the holding company “Rosskat” JSC and its subsidiary “Manufacturing Company “Sevkabel” LLC, expects that the latter’s plant will remain as a manufacturing site despite the possible bankruptcy of the industrial company. This is what the press service of “Trust” told RBC St.Petersburg. Lawyers, in turn, note that the upcoming bankruptcy of “Manufacturing Company “Sevkabel” will be accompanied by a “battle” of the company’s creditors – Sberbank of Russia PJSC and “Trust” bank.
Andrew Bezhan, a Counsel in the Dispute Resolution Practice in the St. Petersburg office of Borenius Russia, commented to RBC News Agency on how the bankruptcy procedure may unfold.