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12.04.2011 The Justice family reaches the ceiling in offering privileged Mechel shares outside Russia


Russia is the sole venue for the Justice family to sell their shares as Mechel has used up its limit for the issue of GDRs.

American investor James Justice and his family received 83.3 m Mechel privileged shares in exchange for Bluestone Coal Company in 2008–09.

The news was conveyed by Stanislav Ploshchenko (Mechel, VP).


Source:   metcoal.ru