Metrostroy OJSC

History

2025: Metrostroy sports complex worth 5.3 billion rubles nationalized in St. Petersburg

At the end of December 2025, the Petrograd District Court of St. Petersburg turned into state revenue a sports complex previously owned by the former heads of Metrostroy Vadim Alexandrov and his son Nikolai Alexandrov. The cost of the facility exceeds 5.3 billion rubles. Read more here

2021: Company declared bankrupt

At the end of August 2021, the Arbitration Court of St. Petersburg and the Leningrad Region declared Metrostroy OJSC bankrupt and introduced bankruptcy proceedings against the enterprise.

To declare the debtor bankrupt and open bankruptcy proceedings, - says the decision of the Arbitration Court, published on the website.

The full text of the decision to declare bankrupt by September 2, 2021 has not been published. The court also arrested the property and property rights of the ex-general directors of the enterprise Nikolai Alexandrov and Vadim Alexandrov in the amount of more than 6.7 billion rubles.

Metrostroy from St. Petersburg declared bankrupt after embezzlement of 1 billion rubles

According to the investigation, as a result of the machinations of Nikolai Alexandrov, Metrostroy lost the right to demand a debt from Metroparking in the amount of 730 million rubles. Debt has developed during the construction of a business center in St. Petersburg. Alexandrov secured the assignment of Metroparking's debt to Cyclone KZS, while giving a 30% discount. The amount of wasted money in two criminal cases exceeded 1 billion rubles.

According to Fontanka, the value of Metrostroy's property is 4.2 billion rubles, in connection with which the creditors asked to explain to them the reason for the bankruptcy. However, an analysis of the financial condition of the enterprise showed that within the required two years under the law, the company is not able to cover overdue loans from its profits. In addition, there are no adequate plans to improve the enterprise.

The bankruptcy procedure takes about two years, but depending on the complexity of bankruptcy and the size of the register, its term may increase many times, Forward Legal lawyer Lyudmila Lukyanova told Kommersant. According to the Fedresurs portal, data from which the newspaper cites, the size of creditors' claims based on the results of observation is 5, 8 billion rubles. The debtor can continue to fulfill the current contracts if he has the appropriate resources, and the money from the contracts will replenish the bankruptcy estate of Metrostroy, the lawyer said.^[1]

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