Mechel (MTL) Selling Stake in Vanino ...

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

Posted in the Denver Forum

Since: Sep 13

Las Vegas, NV

#1 Oct 29, 2013
(CRWE Press Release) Mechel OAO (NYSE:MTL), an international mining and steel company which employs over 80,000 people, reported 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*).

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

“Taste great in milk!”

Level 9

Since: Aug 08

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#2 Oct 29, 2013
I'm shocked.

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