04
Apr
17:25
Mechel sells Elga stake to repay debts
Mechel has signed an agreement offering Gazprombank the option to purchase a 49% shareholding in the Elga coking coal deposit development project for RUB 34.3 billion ($502.6 million), Kallanish learns from the Russian steelmaker.
Mechel is due to sell to Gazprombank by end-June 49% of shares in Elgaugol, the project operator company and owner of its subsoil license, 49% of shares in Elga-Doroga which owns the Ulak-Elga railroad, and 49% of shares in Mechel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous