Financing O1 Group, the company "Prime Finance" allowed a technical default on the bonds. The company explained that it had not paid the coupon because of the upcoming restructuring of the securities.
The collapse of the "Opening" bank froze all transactions of the O1 Group for the purchase of new assets.
His companies were able to restructure only one bond issue out of three.
Andrey Kostin enters into a dubious deal to merge with pension funds of Boris Mints and Roman Avdeev, whose financial position is close to critical.
A large deal is being prepared in the pension market. It can include pension assets of VTB, the Rossium group and the O1 Group. The assessment was initiated by VTB, which may indicate the consolidation of non-state pension assets by the state bank, experts say.
O1 group is left without credit and without savings.
Sale of assets and dividends earned them about $12.4 billion of revenues in 2016.
Not all players are ready to work single-handedly and strive to combine their efforts.
His companies' debts to the bank amount to 17.9 billion rubles.