Mechel concludes $425m sale of Voskhod and Tikhvin shares to Yildirim Group

Russian steel producer Mechel has closed the deal for the sale of 100% of its shares in Voskhod mining plant and Tikhvin ferroalloy plant to Turkish conglomerate the Yildirim Group for $425 million.

Under the deal’s conditions, the Yildirim Group paid the entire sum for Voskhod, in Khromtau, Kazakhstan, and Tikhvin, in the Leningrad region of Russia, to Mechel. Société Générale Corporate and Investment Bank, ING Bank and Dechert LLP advised Mechel on the transaction. “This agreement was signed in line with the...

Published

Claire Hack

December 30, 2013

09:34 GMT

London