OREANDA-NEWS. February 6, 2012. On February, 2 Head of Karelia Andrei Nelidov has discussed the situation at Segezha Pulp and Paper Plant with VTB Chairman and CEO Andrei Kostin at the meeting in Moscow.

On results of the meeting the arrangement was reached that in the next few weeks VTB Bank President comes to Karelia, and the Government of the republic and the bank sign the agreement called to prevent the shutdown of the enterprise and to solve all the sharp social questions related to it. Now the parties prepare their offers concerning the crisis management of Segezha Pulp and Paper Plant.

The basic creditor of Investlesprom holding to which Segezha Pulp and Paper Plant is affiliated is the Bank of Moscow which majority shareholder, in turn, is VTB Bank.