VTB says buys about 50 bln rbl of Mechel debt from Sberbank - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

VTB says buys about 50 bln rbl of Mechel debt from Sberbank

MOSCOW, Nov 7 (PRIME) -- RussiaТs second biggest lender VTB has bought almost 50 billion rubles of the debt of metals producer Mechel from Sberbank to become the largest creditor of the group, the bank said in a statement on Thursday.

УGroup VTB has purchased the debt of the group Mechel from Sberbank totaling a little less than 50 billion rubles, which, jointly with the current exposure, has made VTB the largest creditor of the group,Ф the bank said.

MechelТs net debt amounted to 423 billion rubles in 2018. In June 2019, Mechel offered its key creditors, Sberbank, VTB and Gazprombank, to revise its terms and the banks are studying the proposal.

MechelsТ common shares grew 4.02% to 62.93 rubles as of 10:28 a.m., Moscow time on the Moscow exchange on the news. The preferred shares rose 2.25% to 90.8 rubles.

(63.5880 rubles Ц U.S. $1)


07.11.2019 10:42
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6286 +0.0973 20 nov
USD 63.7730 +0.0188 20 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1451.64 +0.60 18:50 19 nov
micex 2941.69 +0.59 18:50 19 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 248.01 +0.76 18:49 19 nov
lkoh 6090.00 +0.21 18:49 19 nov
rosn 452.55 +0.34 18:46 19 nov
sber 239.25 +0.76 18:49 19 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.6400 +0.0300 14:59 19 nov
USDTD 63.8025 -0.0900 17:44 19 nov