Search

MECHEL COMPANY IS ON THE VERGE OF BANKRUPTCY

... finance the construction of industrial facilities (first of all, a rail and structural steel mill). The head of Mechel is tycoon Igor Zyuzin, whose family owns 51.54% of the holding's shares. Gazprombank owns another 5.45% of the company's shares. The remaining assets are in free float. Mechel PJSC ended last year with ... ... the Elga coal deposit. By the summer of 2020, Mechel managed to deal with 88% of its debt obligations. Experts note that the bankruptcy of the Mechel holding in the current situation is disadvantageous to foreign creditors, including BNP Paribas and UniCredit....

Sorted by relevance | Sort by date