Rusagro Group announces the purchase of rights of claim against Solnechnye Producty on debt of Russian agricultural Bank30.11.18
Rusagro Group informs about the purchase of rights of claim against Solnechnye Producty on RR 34.7 billion debt from Russian Agricultural Bank. Payment of acquired rights will be made in installments. Acquired debt is more than 80% of total 3rd parties debts of Solnechnye Producty. The debt is secured by all main assets of the company.
Rusagro plans to enforce acquired rights to claim and purchase some of the assets of Solnechnye Producty with the goal to become the largest oil and fats producer in Russia.