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Severstal announces sale of Mini-Mill Balakovo
Mon, 05 Aug 2019 00:00:00 GMT
PAO Severstal (the Company) one of the worlds leading vertically integrated steel and steel-related mining companies, announces that it has entered into a definitive agreement with Abinsk Electric Steel Works LTD for the sale of Mini-Mill Balakovo. The consideration of the transaction will be $215 million. The transaction is expected to complete in first half of 2019 following the receipt of approvals and other standard conditions. Alexander Shevelev, CEO of Severstal, commented:
http://www.metalinfo.ru/en/news/108617


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