Mechel sells its Romanian assets for $70
Edited by Rhod Mackenzie / 2013-02-20 05:47:28
Having sold its assets in the country for $70.
Mechel has sold its plants in Romania for $70. For the purchase of them it spent $216 mln over the last 8 years. From November these plants have been shut down and are making losses – in 2013 the loss is to make up 2.4 bln roubles. The unfamiliar in 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 to start making profit for a new purchaser.
