Talks on fate of Mechel between owners, banks continue - Dvorkovich
MOSCOW. Aug 14 (Interfax) - The shareholders in Mechel and its creditor banks are continuing talks concerning the fate of the coal and steel group and the positions of the two sides are coming closer, Deputy Prime Minister Arkady Dvorkovich said.
"The talks between the owners and the banks are proceeding, normal talks. The positions, as far as I know, compared with the initial positions, are coming closer to one another. Evidently, it is still not enough to produce a settlement, but they are coming closer," Dvorkovich told journalists on Thursday.
Various options are being discussed. The main thing is that the banks like it, he said.
"The banks are discussing this, looking at the financial model. We are prepared to make statutory changes as needed, so that even if the railroad is not owned by RZD, that we can apply the 10.01 tariff price schedule," Dvorkovich said when asked whether the option of financing purchase of the railroad to the Elga coal deposit by Mechel's creditor banks was being considered.
