Russia: Mechel not to buy Gazprombank stake in Elga
Russian metals and mining group Mechel has decided not to exercise its preemptive right to buy a 49% stake in the Elga coal deposit from Gazprombank and may also sell its 51% stake in the project. Gazprombank said in August 2019 that it had received an offer of purchase of a 49% stake in the…
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