PROTEK sued 171 million rubles at “36,6”

According to pharmdistributor PROTEK, banks, service companies group “36,6” pharmacies under the brand “36,6”, “A5”, “Gorzdrav”, A. V. E) received 11 orders for the arrest of accounts “A. B. E” and “A5”. Regulations gave officers in proceedings instituted on the applications forms.

From December 2015 pharmdistributor filed more than 50 lawsuits against the companies A. V. E” and “A5” for a total sum over 1 billion rubles. The decision in favor of PROTEK entered into force after 13 vessels, of which five distributor received the awarded funds according to court orders, said in the release. In particular, disputes between “Forms” and JSC “TC Kit” (part of “the A5”) and LLC “Apteka-A. V. E” ( included in “A. B. E”) in the middle of July was issued the writ of execution in the amount of 56 million rubles and 115 million rubles, respectively (copies have RBC). And later — the decision of bailiffs on seizure of cash assets on accounts in 11 banks.

“Our expectations for a peaceful settlement of the problems of debt repayment failed to materialize, despite repeated meetings with the leadership of A. V. E” and “A5″ and our willingness to dialogue”, — said General Director of CV PROTEK Dmitry Pogrebinsky, quoted in the release.

With the end of 2015 for legal entities, “Pharmacy chain 36.6” showered with complaints from manufacturers and distributors, in addition to forms, including GlaxoSmithKline, Takeda, “Petrovax”, “SIA international”, “Growth” etc. the group’s Net debt “pharmacy chain 36,6”, according to IFRS, at the end of 2015 amounted to 12.9 billion rubles, the Group completed the year 2015 with a loss of 1.2 billion RUB compared to 43 million rubles a year earlier, while revenue growth by 67% to RUB 31.9 billion

At the end of may 2016, as reported by RBC, the company invited its suppliers to discount its debt to them by 30-50%. Sources of RBC in the pharmaceutical market were convinced that the company urgently needed to improve yield, to solve the problem of debt. This was necessary because the company was in a deal with the largest pharmacy chain Walgreens Boots Alliance (WBA). In April it announced the receipt of 15% in “36,6” in exchange for your distribution business in Russia – 100% Dutch Alliance Boots Holding B. V., which owns the Russian “Alliance) – gives the wrong Russian.” Have WBA got the option to increase its stake in “36,6” to 85% for several years, said the officials RBC. In the company this information did not comment.