Mechel receives several proposals for American Bluestone
Edited by Rhod Mackenzie / 2013-07-29 06:24:09
The largest Russian producer of coking coal has received “several proposals” on the purchase of its American coal asset Bluestone, which was put up for sale to decrease its debt that has reached over $9 billion.
“We have several potential purchasers (of Bluestone)…a European privately held company was interested in, and a rather large American public company,” – the Senior Vice President of the company on economy and business development, Oleg Korzhov reported.
In 2009, Mechel bought Bluestone for $425 million and shares within a deal that made up about $800 million with Bluestone’s debts.
