Russia’s Gazprombank signs deal to sell Elga coal project stake

MOSCOW, March 23 (Reuters) – Russian lender Gazprombank has signed a pact to sell 49% of shares in the Elga coal project to Russian company A-Property, the lender said on Monday.

The other major Elga shareholder is Russian steel and coal producer Mechel, which said in March it was in talks to sell its 51% stake. (Reporting by Tatiana Voronova; Writing by Maria Kiselyova; Editing by Clarence Fernandez)

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