Monday, December 19, 2011

NLMK requires Maxi-group 7.3 billion rubles.

OAO Novolipetsk Steel filed suit in the Moscow Arbitration Court to invalidate the deal to buy 51% stake in holding company of Maxi-Group. Reported by the publication of "RBC daily". In this case, NLMK has asked the court to compel the defendant to return the asset paid for 7.3 billion rubles. Shares of Maxi-Group, according to lawyers NLMK, must go to the state. They note that the owner of Maxi-group Nikolai Maximov intentionally concealed the accurate data of financial statements and the actual financial condition of holding companies. Relevant findings were made on the basis of legal and financial due diligence of companies Maxi-Group, which was recently completed. "We bought the company, not from N. Maximova, and the creditors. All assets owned by them. Moreover, he underestimated the receivables. All the receivables were referred to his firm, who are bankrupt. So it was not a debt, and bad debt. Therefore, Maksimov deceived us ", - stressed in NLMK. Respondent was Maksimov itself Maxi-Group, and several of its former executives. In this case, NLMK does not require the arrest of Maksimova as collateral for the claim. Maksimov told the publication that the lawsuit does not know about, but will agree to expand the deal if NLMK will return to it assets. "I like Mr. Khodorkovsky, one hope that sooner or later the court we will have a humane and just. Now we have the court only humane" - he said. Ex-manager of Maxi-Group, Alexander Malyshev, who is a respondent in the lawsuit, also unaware of the lawsuit NLMK. "At the time of the transaction the company" Maxi-Group were profitable. We will defend the claim and are now discussing the matter with the lawyers "- he said. As reported, the loan agreement for 7.3 billion rubles. Entered into between the Maxi-Group and its former owner Maksimova invalidated. Such a decision announced Appeal Arbitration Court of Perm on the suit Novolipetsk Steel. Recall that in 2007, Maksimov, at that time the only owner of Maxi-Group, the threat of bankruptcy of the company was forced to sell 50% +1 share NLMK for $ 600 million, of which he managed to get half. But the partners have agreed that to save Maxie groups they will provide the company loans: NLMK in late 2007, granted a loan of $ 400 million, and Maksimov in January 2008 won a Maxi-Group 7.3 billion rubles. Ministry of Industry

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