Mechel Romania Units Shareholders Approve $106 Million in Loans

The shareholders of OAO Mechel (MTLR)’s Romanian units approved today a plan to borrow 53 million euros ($76 million) from Erste AG’s Banca Comerciala Romana SA and $30 million from Bancpost SA, Mechel Targoviste SA (COS) said in a statement to the stock exchange.Mechel Targoviste and other Romanian units -- Ductil Still SA, Laminorul SA and Mechel (MTL) Campia Turzii SA -- will use the money to repay existing debt and fund future operations in the country, according to the ...

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