The committee of defaulting Mriya agribusiness' creditors holding the company's loan participation notes worth $471 million hopes for progress in talks to restructure Mriya's debts.
“We see certain signs of progress, but to be called real progress, these signs should turn into certain actions. We hope [it will happen] soon,” says Managing Director and co-Chairman of Rothschild & Cie in Russia and the CIS Giovanni Salvetti, who is a financial advisor to the Mriya creditors’ committee.
Answering a question how creditors plan to get control over the company, which was earlier announced, he said that the issue of control is delicate and needs to be settled with the involvement of all concerned stakeholders in the company.
The goal of such talks is to look for a solution that will in the very best way meet the interests of Mriya with due regard for the legal and economic rights of the stakeholders, he said.
