Shareholders of “Mechel” will consider the deal with VTB, Gazprombank and Sberbank

Moscow. December 10. The Board of Directors of “Mechel” decided to convene the extraordinary shareholders ‘ meeting of 4 March 2016.

The meeting agenda included the following issues: approval of related party transactions entered into between VTB, Gazprombank, Sberbank and Bank syndicate and “a Mechel”; the election of the new Board of Directors and the approval of the Charter in the new edition.

In corporate news shares of “Mechel” in the evening on Thursday jumped 7%. On the Moscow exchange at 17:06 Moscow time ordinary shares of “Mechel” have risen to 67,03 ruble (+6.9 per cent), “prefs” – 41,83 to ruble (+6.2 per cent).