Siberia | Real estate

Omsks Sibstroy-2000 announced bust

9 Jul '09
Omsk region arbitration court has announced regional developer Sibstroy-2000 bankrupt and appointed a six-month bankruptcy trustee at the company, the court reports.

The companys debt with underbuilt apartment owners and creditors reportedly tops $6.3m, while its property is estimated at twice as less.

The company is the first Omsk developer announced officially bankrupt.
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