Alfa Bank, which is trying to recover 2.8 billion rubles from one of the notable retail chains Holiday in Siberia, is ready to initiate a personal bankruptcy of the owner of the company Nikolai Skorokhodov, who acted as a guarantor for the group's loans. A businessman is confident that business can be saved. One option is to transfer the part of the retailer's real estate to creditors. But lawyers doubt that banks need assets that burden the balance.
About the intention of Alfa Bank to bankrupt the owner of the Holiday network Nikolay Skorokhodov, Kommersant learned from a notice in the SPARK-Interfax database. This was preceded by the bank's request to pay back overdue debts of about 2.8 billion rubles. At the end of July, the Arbitration Court of the Novosibirsk Region introduced the procedure for monitoring the claim of Alfa Bank to LLC Holiday Company. In addition, about 10 creditors with a total amount of claims of 30 million rubles were declared in the bankruptcy case of the retailer. The press service of Alfa Bank declined to comment.
Holiday is one of the largest retailers in Siberia. Its network includes 341 stores in Novosibirsk, Omsk, Kemerovo, Tomsk and Tyumen regions, as well as in the Altai and Krasnoyarsk regions (about 500 years ago). In 2017, the retailer put up for sale all its supermarkets and hypermarkets - more than 150 objects with a total area of about 300 thousand square meters. m. At the end of 2017, "Lenta" purchased 22 supermarkets from the Holiday network with a total area of 40 thousand square meters. m. The amount of the transaction was not disclosed. According to SPARK-Interfax, the revenue of LLC Holiday Company in 2017 was 47.8 billion rubles. (8.6 billion rubles by 2016), accounts payable - 8.6 million rubles. The main owner is H.S.R. Holiday Siberiada Retailing Group Ltd with a share of 99.92%. According to Infoline-Analytics, the Holiday company's share in the retail market in the Siberian and Far Eastern districts in 2016 was 2.9%.
"The intention to initiate personal bankruptcy is expected, I am ready for it," Mr. Skorokhodov said. "But so far, Alfa Bank has no legally binding decision to recover from me, as a guarantor, debt on loans." He believes that the intention of the bank will not affect the process of negotiations with creditors, which are co-owners of the company. The lawyer of the Holiday company, Irina Grebneva, clarified to Kommersant that the lawsuit of Alfa Bank about the collection of 330 million rubles. under the guarantee agreements with the owner of the Holiday group Nikolay Skorokhodov and Alexander Brykin, as well as the companies of the group Kora-TK LLC, OOO Omsk Gastronomes, Kronverk LLC, Holiday Company LLC was submitted to the Meshchansky District Court of Moscow in March 2018. In April, the decision was made in favor of the bank, but the defendants appealed against it, and last week the Moscow City Court returned the case for revision.
Nikolai Skorokhodov said that the way out of the bankruptcy procedure is possible only by concluding a settlement agreement. "Bankruptcy is not beneficial neither to creditors, nor to the company itself," the businessman argues. In his opinion, one of the solutions to the problem is the transfer of the company's assets, including retail space, land plots and own truck fleet to creditors. About 60-70% of real estate is pledged to Rosselkhozbank, Alfa Bank, Sberbank, Gazprombank. "Loans are more than secured," says Mr. Skorokhodov.
The transfer of some of the real estate to creditors is not a very common way of settling debts, says Dmitry Kletochkin, partner of the legal company Rustam Kurmaev and partners: "Banks do not need such assets, they burden the balance." Experts believe that in the case of selling collateral real estate under the control of the lender, the problem will be finding a buyer. Buying assets from a company with serious financial problems is a big risk, says Nadezhda Makarova, head of the legal department of NUU "Amuleks": "Concluded transactions can later be subject to close scrutiny by creditors or arbitration managers." Earlier the owner of TD Shkurenko (Omsk Region) Viktor Shkurenko informed Kommersant that he was interested in purchasing Holiday stores, but, according to him, potential buyers are stopped by the bankruptcy case of the company, since all transactions can be disputed .
"Magnet" will reward managers
The Board of Directors of the second on the turnover of the Russian grocery retailer Magnit on August 21 will consider the issue of buying back shares under the motivation program for managers, the company said. The program is introduced to ensure the growth of the value of the retailer's shares for five years and the retention of key employees. It is assumed that no more than 50 key managers will take part in it. The amount of payments will depend on the financial performance of Magnit, the period worked by the employee during the program, and the extent of his responsibility. The former CEO of Magnit, Khachatur Pambukhkhan, previously estimated the possible amount of buyback of $ 200 million. According to Valery Bezuglov, an analyst at Freedom Finance, this is equivalent to 3.2 million shares, or 3% of the authorized capital of Magnit. The amount is not significant, but the buyback procedure itself will be well received by investors, he says. On Monday, GDR "Magnet" in London went up by 3.4%, to $ 15.34 per receipt. In January-June, 2018, Magnit's revenue increased by 7.2%, to 595 billion rubles., EBITDA decreased by 9.5%, to 44.16 billion rubles, net profit - by 14.4%, to 17.76 billion rubles. On June 30, "Magnet" managed 16.96 thousand stores.