metcoal.ru - MMK (Magnitogorsk) becomes 100-per-cent owner of MMK-Atakaş

NEWS

11.03.2011

MMK (Magnitogorsk) becomes 100-per-cent owner of MMK-Atakaş

Fifty per cent minus one share of the Russian–Turkish joint venture will be purchased by MMK from the Atakaş family.

The amount of transaction comes up to $485 m; the deal should be closed by November 2011. Standard required permissions and approvals stand as a prerequisite for the deal completion.

Theme: Property/Iron

Source: metcoal.ru

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Magnitogorsky MC
   04.07.2011 MMK (Magnitogorsk) modernizes its machinery
   28.06.2011 Coal prices ascending no more
   30.05.2011 MMK to invest 1+ bn roubles into construction of raw coal depot
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   02.05.2011 Belon`s net profit rises
   28.03.2011 MMK (Magnitogorsk) sells Belon’s energy assets to SDS Ugol’ for $280 m
   24.03.2011 MMK (Magnitogorsk) considers purchasing Raspadskaya
   16.03.2011 MMK (Magnitogorsk) may lend from BSGV Vostok
   15.03.2011 MMK (Magnitogorsk) and NLMK (Lipetsk) likely to buy Raspadskaya.
   07.02.2011 MMK (Magnitogorsk) replaces head of Belon

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