Mechel Steel Group becomes first Russian metals firm to list on NYSE

Oct 29, 2004 | 12:16 PM |

Mechel Steel Group OAO became Russia's first metals company to list on the New York Stock Exchange Friday.

The placement raised $291 million for the Moscow-based company.

Mechel said it placed approximately 13.9 million shares, or roughly 10 percent of its stock, in American Depositary Shares (ADS) at $21 each.....

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