Mamut and “Trust” resumed negotiations on repayment of debts by a businessman

Bank of non-core assets “Trust”, which is the largest creditor of businessman Alexander Mamut’s companies, resumed negotiations with him to pay off debts. About it informed RBC with reference to the representative of the “Trust”.

“At the moment, we are negotiating the settlement of the entire debt of Vanderkind JSC (operates a chain of children’s toy stores under the Vinnie brand, formerly Hamleys. – Ed.) and Cinema Park JSC (owns the cinema chain of the same name. – Ed. ) in front of “Trust”. We are not disclosing the details of the negotiations,” he said.

Negotiations on repayment of the debt were also confirmed by a representative of the Cypriot company Mamuta A & NN Investments Ltd. He also did not disclose the details of the negotiations. According to him, the settlement of relations is necessary for “the resumption of the normal functioning of companies.”

The “Trust” did not disclose the amount of debt of Mamut’s structures. In May 2021, the company said that the total debt of A&NN Investment and Cinema Park was 23 billion rubles, Vedomosti wrote. According to RBC, at the end of 2020, 19.8 billion rubles. debt accounted for “Cinema Park”, another 2.5 billion rubles. – to Wonderkind.

The dispute between A&NN and Trust arose over a credit line in the amount of almost 6 billion rubles, which was opened for the cinema network by the Otkritie FC bank in 2017. In the same year, a reorganization procedure was launched against the bank. The money was provided to A&NN for a loan to the United Cinema Networks company to buy out 60% of Cypriot CP Invest, the parent structure of Cinema Park, from the son of Senator Suleiman Kerimov Said. In March 2020, the company stopped servicing its debt amid the epidemiological situation in the country and the closure of cinemas.

In March 2020, the company stopped servicing its debt due to the epidemiological situation in the country. Cinema Park demanded an increase in the loan term from December 31, 2022 to December 31, 2027, exemption from payment of interest and penalties for the period of coronavirus restrictions on cinemas, as well as a reduction in the interest rate from 7.5 to 1% after the removal restrictions, but with payment of interest at the end of the loan term.