Speculation surrounds Mechel about Putin son in law who took a 1.5 bil gov loan to invest in Russian companies is eyeing a stake in Mechel. He has already purchased large stake in Sibur, a Russian materials/ nat gas processor, could be a natural fit.
I think its more along the lines as Mechel is acting more like a international co, than "American" , Kremlin wants Russian companies to move away from the U.S. Dollar standard , Report and trade in Rubles.
6.5 bil Moscow-Kazan High Speed Rail Project gets funding and green light. Lets See who just completed a 785 mil plant to produce High Speed Rail Tracks and were certified by EU. Mechel. The future is getting brighter everyday for Mechel.
Individual common shareholders of ADR should be getting their voting packet as I received mine on Saturday. Great news you can VOTE ONLINE via proxyvote. Your control number is on the back of your voting form ,its a 15 digit number next to the cusp number. You must vote "FOR" on the 1st question to be able to vote online, As you know every vote is important . Any questions contact the phone number given, But it was very easy and straight forward.
Look for 60% upside for MTL and 40% for Russia in general. Once debt restructuring finalizes in end of May Mechel will become investment grade again, allowing Index Funds as well as Mutual Funds to put Mechel in their portfolio. Many funds are restricted to invest in Russia while the sanctions are in place.
News of Sberbank passing on 474mil of current and problematic debt to Gazprombank is great news for the future of Mechel. Sberbank was always the one pressing for more difficult options for Mechel. Gazprombank has had a more workable approach to dealing with debt restructuring. This is great news, now Russia Development bank can release the 350mil grant due Mechel, but held up till Sberbank was dealt with. FINALLY