Gazprombank gets an option to buy share in Elga project
08.04.2016 - 10:00
Mechel announced signing an agreement on offering Gazprombank the option to purchase 49% share in the Elga coking coal deposit development project for 34.3 billion rubles.
According to the agreement, Mechel is due to sell to Gazprombank by June 30, 2016, 49% of shares in Elgaugol, the project operator company and owner of its subsoil license, 49% of shares in Elga-Doroga which owns the Ulak-Elga railroad, and 49% of shares in Mecheltrans-East OOO which is the railroad’s transport ...