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23.03.2011 ZSMK (Novokuznetsk) obtains 100 per cent of NKMK (Novokuznetsk)

Both companies are Evraz Group subsidiaries.

As reported earlier, ZSMK had planned to buy out NKMK stock from its own shareholder, Mastercroft Ltd., for 15.740 bn roubles. The deal was signed 03/11; extraordinary general meetings of both companies are scheduled for 04/07.

The deal price amounts to 17.58 per cent of the enterprise assets value.

Theme:  Finance/Iron/Russia

Source:   metcoal.ru  

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