On Thursday, DN was able to announce that Einar Aas' power lines had entered into an agreement with creditors and avoided bankruptcy on the huge sand electricity market earlier this autumn.
Some creditors for the first time provide information on the simplicity of the deal between Einar Aas and 166 creditors who could pay more than a billion dollars in a security fund in the settlement center, Nasdaq Clearing da Aas could not be compensated.
"The calculations give us reason to believe that we can achieve two-thirds of the loss," said Statrikott's chief executive officer Christian Rynning-Tønnesen, who lost about $ 50 million to AAS rainfall.
Rynning-Tønnesen has to explain why Statkraft ultimately wanted to negotiate with the AAS, which means that the electricity trader avoids a person's bankruptcy. This background is a question raised by Torbjørn Røe Isaksen (H), Minister of Industry Affairs of the Center Party Sigbjørn Gjelsvik. This weekend, the issue was mentioned at E24. Gjelsvik asks the Industry Minister to explain how Statkraft could agree to the agreement and Agder Energi was critical.
Agder Energi, with Statkraft owning more than 40 percent of it, initially opposes an agreement with Aas and Mente Aas.
"We have not had a dialogue with Agder, but we share Agder's dissatisfaction with the situation. However, we believe that the solution we have achieved is best for creditors," says Rynning-Tønnesen.
As one of the largest lenders, Statkraft was a consulting group at Nasdaq during eight weeks of talks between Aas's lawyers and Nasdaq lawyers. There were 15-20 of the largest lenders.
– This case was perceived as important and important from New York's peaks. After all, all the creditors voted in favor of the agreement, because we believe that it gives the best results, he says.
The house has a price of 20 mill.
From other sources DN has become aware of the contract notice:
- Einar Aas will be able to earn up to 125,000 euros or just over 1.2 million dollars a year for the next three years without sharing with creditors.
- The house building in Grimstad is estimated at around NOK 20 million in the contract. He kept the house, but he had to assume that the creditors have a mortgage, which is just over half the value. The plan will be changed in a few years, when Aas has realized the realized values. The market value is much lower than the technical value, because it is doubtful whether someone will pay as much as Aas has paid for in Grimstad's newly built home.
The Statkraft boss will not comment on this information, but he confirms that Statkraft has asked creditors to assign the rights to the Aas House, which will leave him.
– This means that he can not freely get rid of the property. For example, it can not be sold without further delay, says Rynning-Tønnesen.
The lawyer in law at law, Wikborg Rein Marius Moursund Gisvold, believes that the information obtained from the transaction is partly misleading, partly unpredictable. By the way, he does not say anything about the deal.
Chord or personal bankruptcy
Two months after Ainar surprised the entire Nordic energy market when he sent a report that he had played "fallit" and was in charge of the Nasdaq Stock Exchange.
Over the years, the country's greatest forces have shown that the result was either a chord (debt settlement) or a person's bankruptcy process.
A few days later, Einar Aas and Nasdaq Clearing began talks to reach a voluntary agreement.
Nasdaq's stated goal was to maximize the loss of NOK 1.1 billion incurred when Einars Aas sold a fallen giant portfolio on September 13th.
Get to share
When the agreement was announced on Thursday, it was clear that the agreement added that Aas had an incentive to actively promote the sale of assets to be sold to creditors, mainly to two Spanish real estate projects, properties in Norway and one piece of art.
"Most of the assets are sold directly outside the market if the AAS does not benefit from it. However, as far as real estate projects in Spain are concerned, it is particularly important for the AAS to be promoted as we believe it can increase the value of creditors. , if the realized values reach the set thresholds, "says Rynning-Tønnesen.
He is trying to review the audit at the Norwegian Financial Supervisory Authority in Norway and Sweden, as well as the Nasdaq report itself.
"We are interested in improving Nasdaq's credit rating practices. We also believe that Nasdaq should re-examine the rules for liquidating the portfolio. We believe that such a portfolio should be split into smaller pieces that will make sales easier for both buyers and sellers," he says.(Regulations)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our affairs through a link that directly links our pages. Copying or any other use of all or part of the contents may take place only with the express written permission or in accordance with law. For more information, please see here.