metcoal.ru - Evraz unlikely to discount Raspadskaya price

NEWS

21.04.2011

Evraz unlikely to discount Raspadskaya price

Raspadskaya selling transaction may fall through, if Evraz is unhappy about the price, Alexander Abramov (Evraz, chairman of the board) informs Interfax news agency.

The market price of 80 per cent of the company stock amounts to $4.2 bn while the owners ask $6 bn. At the same time Mechel insists on getting the price down to $2 bn due to post-disaster condition of the asset.

Deadline for bids is set for April 25. Other prospective bidders show little enthusiasm because of the enterprise disrepair, huge social encumbrance, and price out of proportion, Interfax sources inform.

Theme: Property/Coal/Kuzbass

Source: metcoal.ru

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