Alrud has advised the Mechel Group on the sale of its 51% participatory interest in the companies which operate the Elga coalfield project in Russia to A-Property. Monastyrsky, Zyuba, Stepanov & Partners advised A-Property on the deal, which was valued at RUB 89 billion.
The Elga coalfield owns one of the world’s largest deposits of high-quality coking coal. Its estimated reserves are approximately 2.2 billion tons.
Alrud’s team included Partners Andrey Zharskiy and Alexander Zharskiy, Counsel Oleg Ezhov, and Associates Kristina Akalovich, Anna Derbak, and Irina Cherdintseva.
Monastyrsky, Zyuba, Stepanov & Partners' team included Partner Mikhail Motrich and Senior Associate Alena Shubina.