Mechel Mining Plans Share Sale, Appoints Zyuzin CEO
(Corrects company to say that the Mechel (MTLR) Mining unit is planning a share sale in headline, first paragraph of story published July 1.)
OAO Mechel, Russia’s largest miner of steelmaking coal, said its Mechel Mining unit plans a public offering of 3.64 billion shares with a nominal value of 7.37 rubles apiece.
The mining unit’s board of directors decided on the sale at a meeting yesterday, Moscow-based Mechel said today in a website statement. Board members also appointed Igor Zyuzin as general director effective July 5.
Ekaterina Videman, a spokeswoman for the company, declined to comment by telephone today.
To contact the reporter on this story: Yuliya Fedorinova in Moscow at firstname.lastname@example.org
To contact the editor responsible for this story: Amanda Jordan at email@example.com