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29.01.2014 Mechel to pledge blocking stake in Mechel Mining


The Extraordinary meeting of Mechel shareholders will consider pledging 25 per cent and a share in Mechel Mining in favour of Sberbank providing credits for 54.9-bn-roubles and $100-m, corporate release says.

Total net assets of Mechel Mining amount to 27 bn roubles, according to corporate documents. The credit line will be available until March 18.


Source:   metcoal.ru