Mechel closes deal on sale of Elga field to Gazprombank

Mechel has sold 49% of Elgaugol to Gazprombank. The deal amount made up 34.4 billion rubles.

The bank also acquired 49% stake in Elga Road, on the balance of which is a railway branch of Ulak - Elga and 49% in the company Mechel Trans Vostok, which is a transport rail operator.

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