Russia’s Sberbank will meet with Alfa Bank in the coming days to restructure the loan debt of automaker GAZ Group to Alfa Bank, Sberbank CEO German Gref told reporters.
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“There is still an unsettled issue with one bank, Alfa Bank. We will hold a joint meeting in order to resolve the issue with them and sign an agreement on restructuring (GAZ Group’s debt),” Gref said.
Alfa Bank said last month it was willing to conclude a deal to restructure GAZ Group’s debt of about 8bn roubles.
