Mechel sells its Romanian assets for $70
Edited by Rhod Mackenzie
Having sold its assets in the country for $70.
Mechel has sold its plants in Romaniafor $70. It spent $216 mln on them over the past 8 years. From November these plants have been shut down and make losses – in 2013 the loss was to make up 2.4 bln roubles. The unfamiliar to the market Invest Nikarom SRL has purchased the assets. Analysts say the sale won’t significantly influence the total debt of Mechel but it will be almost impossible for the new purchaser to start making a profit.
