September 4, 2019 / 3:28 AM / 14 days ago

Russia's Sberbank says does not see itself as future owner of Antipinsky refinery

VLADIVOSTOK, Russia, Sept 4 (Reuters) - Russia’s largest lender Sberbank does not see itself as the future owner of the Antipinsky oil refinery, which filed for bankruptcy earlier this year, Sberbank deputy board chairman Anatoly Popov said on Wednesday.

The refinery, which has a capacity of 9 million tonnes per year, filed for bankruptcy in May after having halted operations on several occasions because of a lack of funds to pay for crude oil deliveries. Sberbank had been its main creditor.

Popov added that the bank hoped to reach an agreement on the debt restructuring of Russian coal and steel producer Mechel by the end of the year. (Reporting by Vladimir Soldatkin and Gabrielle Tétrault-Farber; Editing by Muralikumar Anantharaman)

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