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Mechel May Trade Asset for Cash to Glencore
14.03.2013 22:50
Mechel May Trade Asset for Cash to Glencore
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Glencore may purchase one of Mechel’s ferroalloy assets in Kazakhstan, Bloomberg cites anonymous sources as saying.

      Mechel needs cash to cut its net debt of $9.3 billion while Glencore seeks to expand its presence on the Kazakh market.

      According to Bloomberg, one of the most likely assets to be sold is Eurasian Natural Resources Corp.

      The agreement has not been reached yet.  

Author: Mikhail Vesely

Tags: Mechel Russian metallurgy companies    

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