Mintha Holding offloads 3.0% shareholding in Magnitogorsk Iron & Steel Works

MOSCOW: Magnitogorsk Iron & Steel Works (MMK) announced that Mintha Holding Limited, whose ultimate beneficiary is Mr. V. Rashnikov, has sold 335.229 million ordinary shares in the Company. These shares represent 3% of the issued ordinary share capital of Magnitogorsk Iron & Steel Works. The shares were sold to Goldman Sachs International for resale to…