Russia's VTB buys miner Mechel's debt from Sberbank

Russian state bank VTB said on Thursday it had acquired steel and coal producer Mechel's debt worth just under 50 billion roubles ($783 million) from lender Sberbank. ($1 = 63.8600 roubles) (Reporting by Tatiana Voronova; writing by Tom Balmforth; editing by Maria Kiselyova) ((Tom.Balmforth@thomsonreuters.com)) nR4N27M00I

MOSCOW, Nov 7 (Reuters) - Russian state bank VTB VTBR.MM said on Thursday it had acquired steel and coal producer Mechel's MTLR.MM debt worth just under 50 billion roubles ($783 million) from lender Sberbank SBER.MM.

($1 = 63.8600 roubles)

(Reporting by Tatiana Voronova; writing by Tom Balmforth; editing by Maria Kiselyova)

((Tom.Balmforth@thomsonreuters.com))

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