MOSCOW, April 4 (Reuters) - Russian steelmaker MMK MAGN.MM still intends to sell a 5-percent stake in Australian iron ore company Fortescue FMG.AX , Chief Executive Pavel Shilyaev said on Monday.
"Everything will depend on the price ... Our plans remain the same, to realise this package," said Shilyaev, adding that the sale would probably happen in small instalments.
MMK said last year it would wait for iron ore prices to recover before selling its stake in Fortescue, which has a market capitalisation of $6.2 billion dollars.