Rosselkhozbank resumed financing of EkoNiva
The parties will also continue to search for an optimal solution for the construction of the largest investment project of the group in the Maslyanino district of Novosibirsk region with a capacity of 1,150 tons of raw milk per day.
‘The companies of the EkoNiva Group have no overdue debts to the bank or related parties. We have no intentions to exercise options in relation to the shares of the group's holding companies. In addition, by December 10, 2021, the bank will ensure that the parent company of EkoNiva Holding, Ekosem-Agrar AG, issues the documents requested to complete the audit of the group's financial statements. The Bank remains the main strategic lender of the group and will continue to finance the group's companies within the established limits,’ commented Irina Zhachkina, First Deputy Chairman of the Management Board of Rosselkhozbank.
‘I am glad that the teams of EkoNiva and Rosselkhozbank managed to resolve the current situation in a constructive dialogue. For its part, Ekosem-Agrar and the other plaintiffs will refuse to file an appeal against the decision of the Arbitration Court of Voronezh region to invalidate the options and will withdraw all claims related to this case currently being considered by the Arbitration Court of Voronezh region. The team of EkoNiva, with the support of the system financial institute of the Russian agro-industrial complex, will continue to provide Russian residents with high-quality and natural dairy products, creating decent working conditions in rural areas, taking care of animals and preserving natural resources,’ said Stefan Durr, President of the Group of Companies EkoNiva.
In total, since 2014, the bank has participated in the implementation of 31 projects of EkoNiva Group with a total budget of about 93.7 billion rubles.