GAZ Group agreed terms over its debt restructuring with some of its lenders, according to local reports.
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The business daily Vedomosti, citing banking sources, said terms had been reached with banks that included Sberbank, Gazprombank, UralSib and Absolut Bank.
A source close to GAZ Group said that Sberbank, Gazprombank, and VTB Bank had already approved the terms of the loan restructuring. GAZ Group has not yet signed any agreements with the banks, sources said.
The size of the debt that GAZ Group has agreed to restructure was unclear.
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By GlobalDataFree Report
2022: So far In Venture Capital
- Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
- Identify the top investors already active in any sector-Geography combinations
- Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
- Understand what is driving the PE/VC fundraising (Deal Rationale)
You will receive an email shortly. Please check your inbox to download the Report.