OREANDA-NEWS. September 04, 2009. A representative of Sberbank involved in restructuring the car maker’s debt could take a seat on the board of GAZ Group, a source at a creditor bank said. “The list of appointees for the car maker’s EGM slated for September 7 includes Sberbank Chairman German Gref and Deputy Chairman Evgeny Korolev”, the source said.

“There are both the first and the second, I have no idea who will be appointed”, a source close to GAZ Group said. These appointees were discussed, a source at Sberbank confirmed. Korolev will likely be elected to the car maker’s board rather than Gref, a source at the bank said. According to the source, Koroloev will represent on GAZ’s board all creditors, as provided for by a debt restructuring agreement which is about to be signed.