Mechel Shareholders Sell $135 Million of Shares, Reuters Says

OAO Mechel shareholders the Justice family sold about $135 million of preferred shares in the company at $8.10 an American depositary receipt in New York, Reuters reported today, citing people it didn’t identify.

The offer generated $1 billion of demand, Reuters said.

To contact the reporters on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net.

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.