A sign near the entrance to MIAN office reads: "Take care! Wet paint!"
Photo: Svetlana Privalova
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Claims to MIAN Reached 3bn Rbl
Moscow biggest realtor MIAN is on the verge of bankruptcy. Eight creditors have presented claims to it, which overall worth reached 3 billion ruble. The court launched supervising procedures and appointed a receiver to MIAN.
The market rivals of MIAN, including Doki that is co-owned by WBD holder Mikhail Dubinin and Brunswick Capital, offered to MIAN co-owner Alexander Senatorov and MIAN-Real Estate Agency GD Nina Kuznetsova to sell the realtor business that accounts for 9 percent of the group’s revenues.
Doki is willing to buy out all contracts of MIAN-Real Estate Agency for selling, buying or leasing the real estate. “We want to help MIAN-Real Estate Agency to completely execute their commitments under the contracts concluded with clients,” commented Doki General Director Sergei Kirikov.
If Doki succeeds in this undertaking, its share on the real estate market of Moscow will step up from 0.5 percent to nearly 4 percent. But MIAN won’t dispose of realtor business, its press service announced.
MIAN Group was set up in 1995. It includes MIAN-Development (implementation of development projects), MIAN Real Estate Agency (Real Estate, realtor services), MIAN-Info (telecom). Its principal owner is Alexander Senatorov. The asset worth was $1.28 billion in 2007, according to the company’s estimate.
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