VTB makes its way to the warehouses of 'Mechel'. The distribution network of the company was arrested according to the claim of the bank.

Problematic "Mechel" of Igor Zyuzin could lose one of the biggest traders - Mechel Service Global (MSG), which sells about 50% of steel products of the holding. The Court of The Hague has already arrested 100% of the MSG shares in the framework of the dispute between VTB and "Mechel" in the London arbitration. VTB has already filed lawsuits abroad to other traders of the group. According to analysts, with no sales "Mechel" network is at risk of losing about a quarter of EBITDA - or about $ 250 million in 2015.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer