The funds of the agroholding Creative have been seized in favor of VTB Bank.

Agroholding CreativeThe Kyiv Commercial Court seized UAH 380,712 million of assets belonging to the Kreativ agricultural holding following a lawsuit filed by VTB Bank. The court issued this ruling on January 26, 2016.

VTB Bank filed a lawsuit in January 2016 demanding an accounting transaction for the receipt of securities. VTB Bank's claims stem from the failure of PJSC Kreativ, part of the agricultural holding of the same name, to redeem its securities early, resulting in a debt of UAH 380,7 million to the financial institution.

As a reminder, the total debt of the Kreativ agricultural holding to banks exceeds $630 million. The holding previously reported that it was in talks with investors about debt restructuring.

As a reminder, the Creative Group is Ukraine's largest producer of oil and fat products. The agricultural holding comprises three sunflower processing plants, four margarine plants, and one soybean processing complex. The founder of the agricultural holding and its largest shareholder is businessman Stanislav Berezkin.

SKELET-info

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