The auction for the sale by Sberbank of the right to claim against the holding company "Phaeton" did not take place. Part of the debt may return to another structure of the holding.

Yesterday, Sberbank failed to sell the debt of "Phaeton - Network No. 1" at auction. The bank was going to sell 1.9 billion rubles of debt through a "Dutch" auction, the minimum price was 550 million rubles. The auction did not take place, a new date has not been set, says a representative of its organizer - the Russian Auction House (RAD). Sberbank declined to comment.

Since January of this year, Phaeton - Network No. 1 has been in the external management stage. Sberbank is included in the register of creditors with a sum of almost 2.1 billion rubles, of which 137.6 million rubles is a penalty. The register includes claims for 5.4 billion rubles. At least for 550 million rubles. Sberbank was ready to waive claims against all structures of the Phaeton group, including guarantors and pledgers. Sberbank is also in the register of creditors of Phaeton Development Group LLC, Verevo OJSC, Aero LLC, Agro-A LLC and Medtekhnika CJSC, which are part of the holding. The collateral is five Phaeton gas stations, a plot in Shushary with an unregistered gas station, an agricultural plot of 42.7 hectares in the Petrodvortsov district, a business center on Gagarinskaya Street, a plot with an oil depot in the Leningrad region.

Since the end of November, the external manager of Faeton - Network No. 1 has been seeking to invalidate the agreements concluded in 2009 on the transfer of debt to Sberbank of the company Faeton-Aero, in which bankruptcy proceedings were introduced in June 2011. We are talking about the amount of 1.1-1.2 billion rubles, explained the lawyer of the Faeton Group of Companies Elina Semenova. The external manager considered that this transaction led to the bankruptcy of the company Faeton - Network No. 1, since the company was not issued a loan in such an amount, and Faeton-Aero never paid for the transfer of the debt, and Faeton - Network No. 1 was left with only the right to demand the corresponding amount within the framework of bankruptcy, she says. The transaction may be declared invalid if the affiliation of the companies is proven and that it was carried out with the approval of Sberbank without the approval of other creditors, believes Nikita Fedorov, a lawyer at the Grigoryev and Partners bureau.

Phaeton's debt will be broken