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FAS approves Mechel’s request to buy Vanino port

By  |  March 22, 2012
FAS approves Mechel’s request to buy Vanino port

The Federal Antimonopoly Service has approved Mechel’s request to buy 100 percent of Vanino Commercial Sea Port. Vanino is owned by the state (which has a 73 percent stake) and En+Group (27 percent). Mechel is a Russian mining and metallurgical company producing coal, iron ore, nickel steel, rolled steel products, hardware, heat and electric power. Vanino is one of Russia’s ten largest ports and is located on the Pacific coast.

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    Full content: RIA Novosti