Ukreximbank restructures the debts of Altcom Group

Все про економіку та фінанси

Ukreximbank has opened the procedure of financial restructuring of the debt of Altcom Road Construction LLC, as reported by the Secretariat of the Financial Restructuring (under the Independent Association of Ukrainian Banks).

The debtor`s related companies include financial and industrial group Altcom LLC, Altсom B.V. Private LLC, Altсom Global N.V., Corporation of Highway and Transport Facilities Builders Altcom.


As Finbalance wrote, Altcom Group has significant debts to Prominvestbank.

On July 31, 2019, the Eastern Commercial Court of Appeal refused to satisfy the appeal of Altcom Road Construction LLC and upheld the decision of the Commercial Court of Donetsk Region dd. 20.03.2019 (in case No. 905/2508/15), which satisfied the claim of Prominvestbank and recovered USD 62.7 million from the complaining company (as a guarantor of Snabtreidkompani LLC) in respect of the debt under the agreement of credit line No. 15-93/19-21/13 dd. 29.11.2013.

On December 22, 2018, the Donetsk Region Commercial Court issued an order on the enforcement of the decision in case No. 905/2368/15 on the recovery of USD 64.3 million from Snabtreidkompani in favor of Prominvestbank (before that on November 29, 2018 - The Eastern Commercial Court of Appeal refused to satisfy the appeal of Snabtreidkompani and left unchanged the decision of the Commercial Court of Donetsk Region dated 12.09.2018, which partially satisfied the claim of Prominvestbank and decided to recover this amount from Snabtreidkompani LLC on the basis of the said loan agreement).

In previous years, the volume of Prominvestbank`s claims against companies associated with Altcom Group reached up to UAH 10 billion.

In the state register, the final beneficiaries of Altcom`s Road Construction LLC are Oleksandr Tislenko and Altcom Global N.V.

Earlier, the Altcom group called Oleksandr Tislenko and Serhii Pavlichev its ultimate beneficiaries, while observers unofficially linked this group with Borys Kolesnikov (Deputy Prime Minister in the Azarov`s government, who supervised the preparation for Euro 2012), but he denied it.

The reason for assumptions regarding the group`s connection with B. Kolesnikov was the fact that during the preparation of Ukraine for Euro 2012 Altcom received many large government orders for the construction of airports, stadiums, roads, etc., often - according to the purchase procedure from one participant (according to Nashi Groshi calculations, it was 13 billion UAH).

At the same time, in 2019, there were unofficial signals about the possible connection of Altcom with Rinat Akhmetov (close to whom is Kolesnikov).