“Mechel-Mining” purchased 85% of “Korshunovskiy mining and processing complex’s” shares

“Mecehl-Mining” acquired 85.6435% of “Korshunovskiy mining and processing complex’s” common shares, according to the company’s notice.

In November 2008 “Mechel” is planning to conduct the initial public offering (IPO) of “Mechel-Mining”, offering 20% of company’s shares on the London Stock Exchange.

“Goldman Sachs”, “Merrill Lynch” and “Renaissance Capital” will be the organizers of the deal.

The company is planning to raise about US$4bn in the IPO.

AK&M

2008-06-30 10:18:00

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