January 28, 2020 / 7:24 AM / a month ago

Russian firm asks for regulator's permission to buy Elga coal mine

MOSCOW, Jan 28 (Reuters) - Russian company A-Property said on Tuesday it had formally requested permission from the country’s anti-monopoly regulator to buy a 100% stake in the Elga coal project owned by miner Mechel and lender Gazprombank.

A-Property is owned by Russian businessman Albert Avdolyan. Gazprombank said earlier it was interested in selling its stake in the Elga project to A-Property. (Reporting by Anastasia Lyrchikova; writing by Tom Balmforth; editing by Maria Kiselyova)

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