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This deal should help reach agreement with creditors. O1 Group will pay with assets.
#O1Properties is meeting its eurobond holders in London as a change of control looms.
Boris #Mints is selling his stake in #O1Properties (office real estate assets worth $4.3bn) to a small advertising agency that works with #Russian_Railways. The property business come together with $2.8bn in debt.
FC #Otkritie loan case brought by #CBR effectively takes control of Boris Mints’ #O1Properties. Court ruled on legality of FC Otkritie transaction converting secured...
Concerns are mounting over losses incurred by a Boris #Mints controlled pension fund which could leave #O1Properties in the firing line. Budushchee, one of Russia’s largest...