The special meeting in the absentee form at Mechel is set for Oct. 15, the company informed.
The interest-bearing deal should be approved.
Mechel (TIN 7703370008) is one of the leading Russian companies. It involves 4 sectors: mining, metallurgic, ferroalloys and energetic. It includes producers of the coal, ore concentrate, nickel, steel, rolled products, heat and electric energy. Its products are sold on the Russian and foreign markets.
The IQ 2013 net losses (US GAAP) gained $321mln against $218mln in profit prior year; revenues declined 16.89% to $2.83bn from $3.405bn; operating profit - 5.2 fold to $61mln from $317mln; corrected EBITDA dropped 2.32 fold to $210mln from $487mln; EBITDA margin coming to 8.5% from 16.5%.
The IQ 2013 net losses (RAS) gained 3.564bn rub vs. 84.933bn rub in profit prior year period; revenues dropped 14% to 598.716mln rub from 696.203mln rub.; profit from sales - 30.11% to 315.047mln rub from 450.807mln rub.; pretax losses coming to 3.525mln rub. vs. 69.056mln rub. in profit prior year