The creditors of "Mechel" appear to agree terms.

The company expects to restructure all debts in March.

"Mechel" of Igor Zyuzin intends to complete the restructuring of $ 6.3 billion debt in March 2016, simultaneously adding key creditors into the board of directors of. The situation is largely dependent on whether the company and the state banks-creditors are able to implement the scheme to repurchase "Elgaugol" by Gazprombank and the subsequent sale of the railway to the BAM to JSC Russian Railways. But this scheme bumps into the limited ability of the monopoly and VneshEconomBank, which has to finance the development of the Elga deposit.

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