Mechel ready to sell Elgaugol to settle a part of debts
Edited by Rhod Mackenzie / 2015-11-26 02:22:21
VTB considers an opportunity of participation in the purchase and is ready to join Gazprombank so as to purchase a stake in the coal deposit.
Mechel is ready to sell Elgaugol to settle a part of its debts, Bloomberg reports referring to the CEO of VTB, A. Kostin.
He said that Gazprombank is likely to purchase the asset but VTB considers an opportunity of participation in the purchase and is ready to join Gazprombank so as to buy a stake in the coal deposit in the Far East. According to him, it will allow Mechel to improve its financial state.
