Mechel is mulling the sale of Elga coal complex as a part of planned debt restructure.
The company has been negotiating with a potential buyer since January.
So far, no legally binding agreements have been concluded.
In late January, it was reported that Yota wanted to buy the Elga coal deposit from Mechel and Gazprombank. The deal was estimated at 60-120 billion rubles. Gazprombank owns 49% in Elga and Mechel – 51%.
In late 2019, Mechel net debt was 400 billion rubles. (Ukrainian metal)