Projects

Amazarkan
Gold mining company

Undisclosed

PCG’s investment

2014

Project duration

Russia

Geographies

Purchase and resale of receivables under Amazarkan's loans

As part of the project, Proxima Capital Group bought out Amazarkan’s debts owed to Uralsib and collateralised with assets of the Meretoyakhaneftegaz oil company.
The receivables were subsequently sold at a profit to investors interested in purchasing collateral assets in that particular sector.
The project yielded a 35% return in six months.

In 2014, Proxima Capital Group executed an arbitrage deal which involved:

Search for a potential investor
Agreement with creditors to discount debts
Purchase of Uralsib’s receivables and their resale to an investor

Role
PCG