Russia: A-Property cleared to buy Elga

The Federal Antimonopoly Service of Russia has approved of the A-Property claim to buy 100% in the Elga coal project of Mechel. In particular, the company will buy 100% in Elgaugol LLC, Elga-Doroga LLC and Mechel Trans Vostoc. Mechel owns 51% in these companies, and Gazprombank – the rest. Elga is one of the largest…