(EnergyAsia, April 12 2013, Friday) — Heavily indebted Russian coal mining and steel company Mechel OAO said it has secured a 40-billion ruble loan from Moscow-based VTB Bank amid reports that it is in talks to sell off a sizeable stake to China’s Baosteel. (US$1=30 rubles). Mechel said it plans to use 25-billion rubles of…
RUSSIA: Mechel secures 40-billion ruble loan from VTB Bank amid reports of stake sale to China’s Baosteel
Posted on April 12, 2013 by EnergyAsia