Managers of Sergei Pugachov’s United Industrial Corporation negotiated sell of Yenisey Industrial Company, which posses license to develop the deposit, with representatives of Mitsui (Japan) who had visited the deposit heretofore.
An investment bank to be chosen to arrange for selling up to 50 per cent of YIC stock, Mitsui possessing the privilege to buy. Shenhua of China, Severstal’, NLMK (Lipetsk), Evraz, MMK (Magnitogorsk) are also interested in buying share in YIC, which price is estimated by UIC as c $5 bn. According to a source of Vedomosty newspaper, UIC is ready to sell up to 75 per cent of YIC minus a share.