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Statements about the state anti-crisis support of Mechel caused a rapid growth of the company's shares
Mechel will be included in the list of backbone organizations of the real sector of the economy, which can be provided with state support within the framework of the anti-crisis measures plan promulgated by the Russian Government, said the Head of the Ministry of Industry and Trade Denis Manturov.
In accordance with this plan, one of the measures to support the backbone enterprises of the real sector of the economy is to provide them with state guarantees for loans.
The company Mechel, which unites more than 20 industrial enterprises, is now in a difficult financial situation due to billions of debts on loans. As previously reported in EastRussia, according to the company, for 15 January 2015, Mechel's debt was 6,44 billion dollars.
And although the enterprises of Mechel - Yakutugol and Yuzhny Kuzbass - in January of this year fully repaid the interest debt in the amount of 1,13 billion rubles. on loans for 16 billion rubles. to VTB Bank, interest payments to VTB on a RUB 44 billion loan are currently outstanding. - write Vedomosti with reference to a representative in the company. This loan has a floating rate, which has doubled in just one quarter and is now 2% (about 34,94 billion rubles), whereas in the first quarter of 4 the rate on this loan was at the level of 2014% (about 14 billion rubles).
The press service of Mechel reported that the company is negotiating with all banks on debt restructuring and hopes to resolve the situation by concluding relevant agreements.
The statement of the head of the Ministry of Industry and Trade of the Russian Federation Denis Manturov about possible anti-crisis support of the company was caused on Thursday by the rapid growth of Mechel shares on the Moscow stock exchange - by almost 30%.