Mechel Discount Widens on Slower Sales Growth

Mechel Discount Widens on Slower Sales Growth

Andrey Rudakov/Bloomberg

OAO Lukoil, Russia’s second-biggest oil producer after OAO Rosneft, was unchanged at $53.68 in New York yesterday, widening the discount to its Moscow-listed shares to 0.5 percent, the most since May 22. In Moscow, Lukoil shares rose 0.8 percent on the Micex to 1,749.20 rubles, or $53.97 yesterday.