Savings buys debts Polonsky

The biggest bank in Russia, Sberbank, intends to enter into an agreement with Alfa-bank for redemption of debts developer company Mirax Group. On this day the newspaper Vedomosti. If these financial institutions will find a common language and sign an agreement, Alfa-Bank will finance the completion of construction of the Federation Tower in downtown Moscow City, "the newspaper said a source close to the developer. In general, the development company has approximately $ 550 million, approximately $ 250 million of this amount accounted for Alfa Bank, said the publication. For completion of the "Federation" should be about $ 250 million, said in March, first deputy chairman of Mirax Group, Alexander Lagutin. True experts of the Savings Bank believes that the construction works will need to spend $ 380 million, according to one of the financiers. "Investments of $ 80 million dollars would be enough to start building, then a developer will begin selling area, and volume to attract additional funding will be much lower," - suggests another banker, who took part in the consultations on the "Federation". But Sberbank is ready to participate in a transaction only in the case of minimizing the possible risks, explained a source close to the bank. In 2010, the Mirax Group to pay 297 million dollars, including $ 49 million - the banks, 233 million dollars - on bonds, Vedomosti. Alfa-Bank was founded in 1990. Among the ten largest in Russia. Mirax Group was founded in 1994. Among the largest projects, in addition to the business complex "Federation" in MIBC "Moscow City", - Business centers Mirax Plaza, "bow, 11" and "Admiral" apartment complexes "Fort Kutuzov, etc. Before the crisis, a company fully controlled by Sergei Polonsky.