Alfa Bank initiates bankruptcy of the Cypriot parent company of Svyaznoy

Alfa Bank is going to apply to the arbitration court to declare bankrupt the Cypriot DTS Retail LTD (owns 69.25% of the retailer Svyaznoy Network). About it reported “Kommersant” with reference to the EFRSB database.

The message was posted in the database on September 11. March 22 bank filed two claims against Svyaznoy for a total amount of 8.2 billion rubles. The defendant is DTS Retail. In the first claim, the amount of claims of which is 7.67 billion rubles, the third party is Svyaznoy. In the second claim, in which the bank demands 548 million rubles from the defendant, a Russian office was involved as a third party in addition to Svyaznoy Samsung – “Samsung electronics rus company.

Representative Alfa Bank previously told Vedomosti that claims were filed against DTS Retail as a guarantor for loans that the bank issued to Seti Svyaznoy. On June 15, the Moscow Arbitration Court decided to recover 548 million rubles from the owner of Svyaznoy.

An agreement on bank guarantees was concluded between Alfa Bank and Svyaznoy in April 2018 for 9 billion rubles. The bank assumed obligations to pay for the supply of goods to the network. DTS Retail has guaranteed that the retailer will return the money. In November 2022, Svyaznoy received a deferment on debt repayment until March 2024, but the company violated the debt repayment schedule.

In June, the Moscow Arbitration Court introduced a surveillance procedure against Svyaznoy. The fact that the retailer intends to initiate bankruptcy, became known in February. At the time of bankruptcy, Svyaznoy’s debts to creditors amounted to more than 15 billion rubles, Kommersant notes.

At the end of March, information appeared on Fedresurs that Svyaznoy should also be filed with the court for bankruptcy. intends Alfa Bank. In October 2022, he announced his intention to initiate bankruptcy of Svyaznoy Sovcombankto which the retailer owed 2.5 billion rubles, made a similar statement in January 2023 did shopping center “Aviapark”.

In July 2022, Alfa Bank filed claims against Svyaznoy Network and DTS Retail for 5.5 billion and 5.9 billion rubles. respectively. Then we were talking about a factoring transaction for the supply of electronics through a distributor “Merlion” The proceedings continued until the end of 2022 and ended with settlement agreements between the bank and the defendants.