Gazprom might purchase Mechel’s debt from Sberbank
Edited by Rhod Mackenzie / 2015-07-16 11:27:19
Gazprom might purchase Mechel’s debt before Sberbank, a source close to the currently held negotiations says. According to the agreement, Gazprom will have an option for a stake in the Elga coal deposit.
Now Mechel owes $1.3 bln to Sberbank. However, this is not the entire debt of the company – it owes another $1.8 bln to VTB and $2.3 bln to Gazprombank.
