31
May
14:03
Mechel secures minority shareholders' approval to advance restructuring
Mechel has secured at the second attempt the votes from minority shareholders required to approve transactions with lender banks needed to complete its debt restructuring.
“We are very grateful to our minority shareholders who voted in favour of Mechel’s debt restructuring,” says Mechel chief executive Oleg Korzhov. “We received a lot of letters and telephone calls with words of support. We thank everyone who did not stay away!”
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Anonymous
Very good overview of the weekly steel market.
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