Support The Moscow Times!

Evraz Mine Stake for Sale

Roman Abramovich and his partners in Evraz Group are seeking to sell their stake in coal producer Raspadskaya, said two people familiar with the matter.

Steelmaker Evraz and Raspadskaya's management are each seeking to sell 40 percent of the company and hired Deutsche Bank and Morgan Stanley to find a buyer, the people said, declining to be identified because the information is private.

Raspadskaya, once the largest supplier of coal to Russian steelmakers, fired the head of its flagship mine last year after 90 miners died in a series of explosions.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.