Sberbank’s Ural Branch Keeps Trying to Take Control over Magnum

23 January 2012 (09:30)

Sberbank of Russia’s Ural branch keeps voicing its disagreement to the actions taken by a liquidation committee in respect of five outlets of Magnum strong drinks chain (the asset of Oleg Fleganov’s Omega Group).

According to the data available from Sverdlovsk Region Arbitration Court, the bank’s claims were placed on December 30, 2011. Sberbank demands that the actions of Magnum Strong Drinks Market 2, Magnum 3, Magnum 6. Magnum 7, and Magnum 9 liquidation committee be declared illegitimate. The bank also insists that the tax service re-registers these companies with the Unified State Register of Legal Entities.

In fact, Sberbank’s Ural branch has tried to contest the actions of liquidation committees before, but the cases were lost in the regional arbitration court and in the 17th Court of Appeals as well as in Ural Federal District Arbitration Court.

Sverdlovsk Region Arbitration Court began the processing of Omega Spirits Group (a member of Oleg Fleganov’s Omega Group Holding) insolvency application on June 10, 2010. The strong drinks distributor dealing in wholesales referred to its inability to pay its 2.09bn RUR worth of loan payments in time, as the scale of the debt exceeded the worth of Omega Spirits Group’s assets by over 921m RUR, even if the money in settlement accounts was considered.

Omega Spirits Group liquidation protocol was confirmed by at the general founder meeting on April 16, 2010.


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