30 April 2004 04:52
Mechel Steel Group registers share issue
MOSCOW. April 30 (Interfax) - The Federal Securities Commission has registered an additional issue of Mechel Steel
Group common shares, to be placed via private subscription.
The issue consists of 115 million shares with par value of 10 rubles, the commission said.
The price of the shares will be determined by the Mechel board and
based on the market cost of additional common shares, taking into
Mechel plans to sell the shares to Deutsche Bank Trust Company Americas for an ADR issue. The shares will be
deposited in the account of nominal shareholder OOO Deutsche Bank, appointed by Deutsche Bank Trust Company
Americas.
account planned placement on the international stock market. ADR demand will be evaluated using the bid book put
together during the company's road show. UBS AG, or a company appointed by UBS, will be responsible for the
book.
The group has consolidated the controlling stakes in the Mechel steel works of Chelyabinsk, Mechel Trading House,
coal producer Yuzhny Kuzbass, nickel producer Yuzhuranikel and metalware producers Beloretsk Metallurgical Combine and
Vyarstilya Metalware Plant. The group in October 2003 acquired assets of Romania's COST and S.C. Industria Sarmei
S.A. steel mills, and the Mechel Zeljezara pipe mill in Croatia. [RU ASIA EUROPE EEU EMRG STL ISU STX DE WEU US BNK HR]
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