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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.

(Bloomberg)


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