Mitsui representatives plan to visit Yenisey Industrial Company (YePK), a representative of Sergei Pugachov’s United Industrial Corporation (OPK) informs, not disclosing the purpose of the visit.
Dmitry Smolin (Uralsib, analyst) suggests that Mitsui wishes to investigate the situation around YePK assets. Mitsui financed feasibility study of Elegest development obtaining a preference to buy a minority holding of stocks in exchange.
OPK is making ready to pledge YePK stock with Vneshtorgbank to obtain $600 m of credit. At the same time it negotiates selling 25 to 49 per cent of the company stock to Mitsui.