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Sberbank demands $20 million from Ulmart subsidiary

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13:48 31/01/2019

MOSCOW, January 31 (RAPSI) – Russia’s Sberbank has filed an application seeking to include a 1.3-billion-ruble ($20 million) debt of Ulmart Food Shopping Company, a subsidiary of the Internet retailer Ulmart, in the creditors’ list, according to the records of the Commercial Court of St. Petersburg and Leningrad Region.

The claim will be considered on February 6.

In December, the court granted claims filed by three banks demanding to include Ulmart subsidiary’s debt worth over 1.4 billion rubles (about $21 million) in the creditors’ register. Bank Uralsib demands 686.7 million rubles, Globex bank seeks 437.1 million rubles and Credit Europe Bank wants to collect 302.3 million rubles from the debtor.

On August 22, the commercial court introduced a monitoring procedure in relation to the e-commerce giant’s subsidiary on the request of BigBox company.

Ulmart group of companies is the largest Russian private Internet holding focusing on e-commerce segment. The company’s distribution network consists of over 400 sales outlets across more than 240 Russian cities and towns.


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Sberbank demands $20 million from Ulmart subsidiary

13:48 31/01/2019 Russia’s Sberbank has filed an application seeking to include a 1.3-billion-ruble ($20 million) debt of Ulmart Food Shopping Company, a subsidiary of the Internet retailer Ulmart, in the creditors’ list.
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