Defeat COVID-19 Ad Hoc Committee

EQS-News: Corestate implements important conditions from the approved restructuring concept

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Sunday, December 18, 2022
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Supervisory Board with two new members – Dr. Nedim Cen new Chairman of the Supervisory Board

Key Points: 
  • Supervisory Board with two new members – Dr. Nedim Cen new Chairman of the Supervisory Board
    Luxembourg, December 5, 2022 – Corestate Capital Holding S.A. ("Corestate") has fulfilled several key conditions from the agreed restructuring concept following the creditors' meeting on November 28, 2022.
  • In parallel, the position of Chief Restructuring Officer (CRO) was added to the Group Management Board.
  • Subsequently, the AHC will provide bridge financing in the amount of € 10 million as a further component of the Company's restructuring concept.
  • This short-term financing serves to secure and further develop the Group's general liquidity and forms an anchor measure under the restructuring concept.

EQS-News: CORESTATE supports creditors' proposal for bond restructuring - Extraordinary General Meeting adjourned to 20 December 2022

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Sunday, November 27, 2022
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Luxembourg, 22 November 2022 - The Management Board of CORESTATE Capital Holding S.A. (CORESTATE) has today unanimously decided to support the restructuring proposal of the Ad-hoc Committee (AHC), a group of large bondholders.

Key Points: 
  • Luxembourg, 22 November 2022 - The Management Board of CORESTATE Capital Holding S.A. (CORESTATE) has today unanimously decided to support the restructuring proposal of the Ad-hoc Committee (AHC), a group of large bondholders.
  • Against this background, today's extraordinary general meeting was also adjourned by four weeks to 20 December 2022 in order to enable a broad shareholder vote with the help of a concrete restructuring concept that promises success.
  • About Corestate Capital Holding S.A. (Corestate)
    Corestate is an investment manager and co-investor with 17.3 billion in assets under management in the core business.
  • The company sees itself as a manager for the entire length of the real estate value chain.

Ozon Updates on Its Fourth Quarter and Full-Year 2021 Unaudited Financial Results

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Thursday, April 7, 2022
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The information for the three months and twelve months ended December 31, 2021 contains preliminary estimates.

Key Points: 
  • The information for the three months and twelve months ended December 31, 2021 contains preliminary estimates.
  • Export control measures could also impact our operations if they limit our ability to source technology or goods from other countries.
  • Ozon acquired 100% of share capital of Oney Bank LLC (now Ozon Bank) from Sovcombank on May 26, 2021, when Oney Bank ceased to be an affiliate of Sovcombank.
  • On February 25, 2022, Ozon filed a request to OFAC to remove Ozon Bank from the SDN List because Ozon Bank is not linked to Sovcombank.