Metinvest remains interested in United Coal

Metinvest’s press office indicated yesterday that it is still “potentially interested” in acquiring the US’ United Coal, according to Interfax. Metinvest said that even in the context of the global financial crisis and turmoil on the steel market, the group remained interested in acquisitions, but refused to comment further on any rumors or potential deals. In October 2008, mergermarket reported that Metinvest had agreed to buy United Coal for USD ~2.5 bln. Metinvest is the metals & mining wing of SCM.