The solving of the problems of "Mechel" are postponed to the future.
Edited by Rhod Mackenzie / 2014-11-21 06:40:13
The state banks - lenders to "Mechel", insisting on the conversion of its $ 3 billion debt to 75% of the shares, do not expect to solve the problem before H1 2015.
The final decision on the debts of Igor Zyuzin’s "Mechel" (owns 67.42% of shares), "may be the theme of the first and second quarters of 2015", Herbert Moos, the deputy chairman of VTB, stated yesterday (quoted by "Interfax"). But he hopes that the situation will be seriously clarified by the end of December. On November 20th, "Mechel" owes the creditors about $ 7 billion at the current exchange rate, of which $ 4.5 billion are accounted for Gazprombank, VTB and Sberbank.