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27 April 2020

Mechel group sold 51% in Elga coal complex in Yakutia, the largest cocking coal deposit in Russia, to A-Property.

RUR 89 billion proceeds from the sale will be directed towards repayment to VTB and Gazprombank, the major lenders of Mechel group.

A-Property has also received an option to acquire the remaining 49% in Elga coal complex from Gazprombank for RUR 45 billion and entered into a number of other related transactions.

MZS team lead by Mikhail Motrich and Alena Shubina provided comprehensive legal support to A-Property in those transactions.