August 23, 2019 / 12:38 PM / 2 months ago

Russian businessman eyes Gazprombank's stake in Elga coal project - Vedomosti

MOSCOW, Aug 23 (Reuters) - A-property group, controlled by Russian businessman Albert Avdolyan, has requested an approval from Russia’s antimonopoly service to buy a 49% stake in the Elga coal project from Gazprombank, Vedomosti newspaper reported on Friday.

Gazprombank did not immediately reply to a request for comment. Russian coal and steel producer Mechel, which owns the remaining stake in the Elga project, declined to comment. (Reporting by Anastasia Lyrchikova and Gabrielle Tétrault-Farber; writing by Polina Devitt; editing by Jane Merriman)

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