Sberbank of Russia acquires 10% stake in Mikhailovsky GOK
It was reported that 10% stake in Mikhailovsky GOK, the second largest iron ore production facility in Russia and a subsidiary of Metalloinvest Management Company LLC, was acquired by Sberbank of Russia recently.
According to the understanding, part of the transaction amount will be used to offset Mikhailovsky GOK's debt, and Metalloinvest kept around 90% of the stake.
