Zyuzin reduces Mechel stake pledged as collateral to 41.6% from 59.4%
MOSCOW. April 16 (Interfax) - The companies of Mechel principal shareholder Igor Zyuzin have reduced the amount of shares in the Russian steel and coal group pledged to banks as collateral to 41.57% from 59.4% of common shares, company materials show.
Mechel said in a statement that currently pledged as collateral are shares owned by Armolink (banks hold 53,211,000 shares) and Calridge (119,827,360 shares). Previously, shares belonging to Bellasis (94 million), Armolink (48.211 million) and Calridge (105,174,160) were held as collateral by banks.
Zyuzin, directly and indirectly, owns a total of 280,669,025 common shares in Mechel, which amounts to 67.42% of all common shares.
Calridge owns 29.02% or 120,809,243 common shares in Mechel (almost all pledged as collateral), Bellasis owns 25.57% or 106,443,398 (no longer held as collateral) and Armolink owns 12.78% or 53.211 million (all pledged). Zyuzin owns only 0.5% of Mechel common shares directly.
