On Thursday, DN was able to explain that Einar Aas' electricity lines made a deal with creditors and avoided bankruptcy in the early part of this downturn after the massive break in the energy sector.
For the first time, some creditors, Einar Aas and Nasdaq Clearing in the settlement center, also provide information on the simplicity of the Aas deal with 166 creditors who can pay more than a billion dollars to the hedge fund.
Kadar Estimates are giving us reason to believe that we can go up to two-thirds of the loss, çık said Statkraft's CEO Christian Rynning-Tønnesen, who lost nearly $ 50 million in the averages of Aas.
Rynning-Tønnesen must explain why Statkraft is ultimately willing to accept a negotiated solution with Aas. This means that the power merchant avoided personal bankruptcy. The background is addressed to the Minister of Industry, Torbjørn Røe Isaksen (H) from Sigbjørn Gjelsvik, Minister of the Center. E24 touched on the question this weekend. Gjelsvik asked the Minister of Industry to explain how Statkraft's Agder Energi could agree to an agreement.
Agn Energi, which has a 40 percent stake in Statkraft, was the first to have an agreement with Atak and Mente Aas.
. We didn't have the dialogue with Agder along the way, but we're sharing the frustration of Agder's emerging situation.
Statkraft, one of the largest creditors, was in Nasdaq's consulting group in the eight-week talks between Aas' lawyers and Nasdaq's lawyers. The biggest creditors had 15-20.
– This case was perceived as important and important by the summits in New York. In the end, we think all creditors gave the best results because they voted for the deal.
The house is priced at 20 million.
From other sources, DN learned the details of the agreement:
- Einar Aas will be able to earn 125 million euros or $ 1.2 million a year for the next three years without having to share with creditors.
- Aas' home in Grimstad values around 20 million NOK. He was holding the house, but he had to accept that he was the owner of the mortgage in just over half of the value of the creditors. When Aas performs the actual values, the plan will be reversed within a few years. The market value is well below the technical value because it is doubtful whether Aas can pay as much as it settles into the newly renovated house in Grimstad.
The Statkraft boss will not comment on this information, but has confirmed that Statkraft has requested the creditors to grant the rights to Aas' home.
– That means this property can't be dismissed. For example, it cannot be sold without delay, says Rynning-Tønnesen.
Aas' lawyer, Marius Moursund Gisvold, of Wikborg Rein, believes that the details of the agreement are partly misleading, partly unpredictable. By the way, he won't say anything about the deal.
Chords or personal bankruptcy
It's been two months since Einar Aas shook up the entire Nordic power market when he played the cause and reported that he was in charge of the Nasdaq Stock Exchange.
The country's strongest strengths over the years have indicated that the result is a tuning or personal bankruptcy.
A few days later, Einar Aas and Nasdaq Clearing began negotiations for a voluntary agreement.
The goal of Nasdaq was to make the most of the 1.1 billion NOK's losses when it sold its giant portfolio to Einar Aas on September 13th with a closed auction.
When the deal was announced on Thursday, the agreement added that Aas has made an incentive to actively contribute to maximizing the selling price of assets to be sold to properties and creditors in Norway, mainly in Spain. section art.
Or Most of the assets are sold in the market without Aas. However, when it comes to real estate projects in Spain, the contribution of Aas is particularly important because we believe it can increase the value of creditors. Therefore, when the realized values exceed the thresholds, they will gain a share, "says Rynning-Tønnesen.
He sought to examine the Norwegian Financial Supervisory Authority in Norway and Norway, as well as Nasdaq's own review.
Uz We believe Nasdaq will develop credit rating applications. We also believe that Nasdaq should open the rules of the portfolio upwards. We believe that such a portfolio should be divided into smaller pieces that will facilitate sales for both buyers and sellers. Böyle(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share your business using a link that directs our pages directly to our pages. Reproduction or use of any or all of the content in any other manner may be made only by written permission or as permitted by law. Please see here for more terms.