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26 Jun
17:30

Gazprombank looks at taking on more Mechel debt, reports say

The Russian state bank Gazprombank could “… buy” steelmaker Mechel’s debt from Sberbank, Kallanish learns from Russian media reports.  “In theory, such opportunities are always there, why not?" a member of the Gazprombank board of directors, Andrey Akimov is reported as saying. Sberbank was said last month to be in talks to sell part of Mechel’s debt that it owns to two Russian investors (see Kallanish 21…
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