Volkswagen lender demands return of dividends paid to Porsche Russland
JSC Kameya, which bought the debt of Volkswagen AG to the Nizhny Novgorod car plant, disputes the sale of Russian assets of the German automaker. Among other things, the company disputes the payment of dividends by the daughter of the Porsche Russland concern for 4 billion rubles in favor of foreign participants.
JSC Kameya, which bought the debt of Volkswagen AG to the Nizhny Novgorod car plant, disputes the sale of Russian assets of the German automaker. Among other things, the company disputes the payment of dividends by the daughter of the Porsche Russland concern for 4 billion rubles in favor of foreign participants. The lender demands to return this amount to the tender mass. About this “Kommersant” told the competition manager of Volkswagen AG Natalia Vinokurova.
The Arbitration Court of Moscow has launched the bankruptcy procedure of Volkswagen AG in Russia due to non-fulfillment of financial obligations to creditors. In September, Kameya filed a request to invalidate the sale of the car plant in Kaluga and truck distributor MAN and apply the consequences of the invalidity of the transactions. Natalia Vinokurova also filed an application to recognize the transaction for the sale of the Scania distributor structure (today BVG) as invalid.
Ms. Vinokurova said that if transactions with shares in the authorized capital of Russian companies are invalid, the requirement to return lost assets to the bankruptcy estate will come into force. The plaintiffs will demand to recover 4 billion rubles from foreign companies controlled by Volkswagen.
More in the material “Kommersant” “The debt of the car factory is painted”.
