Current owner of Raspadskaya joint-stock wants $6 bn for 80 per cent of its stock, several sources inform Interfax news agency, while Mechel—according to one of them— insists on threefold price reduction on account of the after-wreck state of the asset.
Current owner of Raspadskaya joint-stock wants $6 bn for 80 per cent of its stock, several sources inform Interfax news agency, while Mechel—according to one of them— insists on threefold price reduction on account of the after-wreck state of the asset.
Meanwhile, Mechel is the only bidder for the assets. Other companies, Severstal’, MMK of Magnitogorsk, Metalloinvest, NLMK of Lipetsk) show little enthusiasm due to the downgraded condition of the asset, its heavy burden of social commitments, and immoderately high price.