Mechel OAO (NYSE:MTL) Selling Stake i...

Mechel OAO (NYSE:MTL) Selling Stake in Vanino Sea Trade Port OAO

Posted in the Nashville Forum

Since: Sep 13

Las Vegas, NV

#1 Oct 29, 2013
Moscow, Russia – October 29, 2013 -(CRWE Press Release)– Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports the sale of a 28-percent share in Vanino Sea Trade Port OAO’s equity capital.

Mechel Group, as represented by Mecheltrans OOO, sold some 28% of the port’s equity capital to an outside investor, retaining a minor share package for itself. The transaction amounted to 5.04 billion rubles (approximately 158.43 million US dollars*).

*Based upon the Russian Central Bank exchange rate of 31,8119 RUB/USD as of October 29, 2013.

Full press release at http://crwepressrelease.com/1351/news-by-coun...

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