Court considers ZhBI bankruptcy petitions

The Volgograd region's Arbitration Court is hearing claims from plaintiffs including Sberbank Head Office in the Volgograd region (South), which filed a petition for settling a RUB 2.20billion (€53.73million) debt. According to experts, the bankruptcy is initiated so that different players of the regional construction market may get ZhBI-1 assets. ZhBI-1 management has announced plans to keep the company.
Loading, Hauling & Excavation / April 17, 2012

The Volgograd region's Arbitration Court is hearing claims from plaintiffs including 4439 Sberbank Head Office in the Volgograd region (South), which filed a petition for settling a RUB 2.20billion (€53.73million) debt.

According to experts, the bankruptcy is initiated so that different players of the regional construction market may get ZhBI-1 assets. ZhBI-1 management has announced plans to keep the company.

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