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Mechel Said to Delay $2 Billion IPO Plan for Coal Mine Unit
Sep. 20, 2011 11:54AM PST
Industrial MetalsBloomberg reported that Mechel (MCX:MTLR) is postponing its planned coal IPO.
Bloomberg reported that Mechel (MCX:MTLR) is postponing its planned coal IPO.
The market news is quoted as saying:
Mechel has notified the banks hired to manage the initial public offering, the people said, asking not to be identified as the information is private. The Moscow-based company cited unfavorable market conditions for its decision, they said.
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