Today, a bankruptcy procedure was opened against OOO Invent (owner of manufacturing enterprises that are part of the Invent Group) under the Federal Law on Insolvency (Bankruptcy). This step is a least-evil solution due to the inability of the group’s enterprises to service a high debt burden.
The strategic goal of the current procedure is to create the necessary conditions for attracting investors interested in developing a core business on an existing site.
The largest secured creditor, AO Gazprombank, is interested in maintaining the value of the asset, an indispensable condition for which is the preservation of production potential and its workforce.
The Government of Tatarstan, Gazprombank, and other concerned parties reached agreements on joint actions aimed at supporting the enterprises of Invent Group, including the formation of a contractual base on the existing production circuit.
To this end, production activities continue to be carried out without loss of jobs and salaries in accordance with applicable laws and local acts of the organisation.