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Severstal | 05 августа 2019 г. | 11:58

Severstal announces sale of Mini-Mill Balakovo

Severstal announces sale of Mini-Mill Balakovo

PAO Severstal (the “Company”) one of the world’s 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 ...

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