Urals said it would give 100% of its ZAO NK Dulisma unit to Sberbank to redeem a $130 million loan and part of a $500 million loan. It is still in talks over a similar deal for 35% of its Taas Uriakh unit to clear the rest of the debt. The two sales will rid Urals of its two biggest assets, which were secured in late 2007 but used as collateral on the Sberbank loans.
Urals