ACQUISITION OF RIGHTS OF CLAIM TO “FAVORIT ALIANCE”
The group of companies “Platforma” has successfully completed acquisition of rights of claim of the bank “Petrocommerce” on the debt of the project company “Favorit Alliance”. The debtor company is the owner of the facility under construction – shopping center “Favorit” with the total area of about 37 000 sq.m. at the address: Moscow, 2 Yuzhnobutovskaya street.
An agreement on settlement of “Favorit Alliance” debts was reached with its owners by means of conversion of the indebtedness into equity of the company in exchange for 50% in the project, as well as in continuation of the shopping center construction.