 |
contents |
 |
calendar |
|
2006 |
 |
|
|
|
|
|
|
calendar |
 |
2011 |
|
|
|
|
|
|
|
  mass-media about company
27 December 2006
Severstal has bought out 65.4% shares of Severstal-Metiz' additional share issue
Severstal OJSC has bought out some part of the RUB 935mln additional ordinary share issue of Severstal-Metiz OJSC, the company says. The shares were placed by private subscription in favor of Severstal. The company issued 11mln shares of RUB 0.01 par. The placement price was RUB 130 per share, which corresponds to the market value of Severstal-Metiz' ordinary share set by an independent appraiser. Severstal has so acquired 7192308 shares of Severstal-Metiz' additional issue, of 65.4% of the issue.
Severstal-Metiz is a division of the Severstal Group. The company has been operating since July 1, 2004. It manages the Tcherepovets and Orlov Rolling Mills and Volgometiz. In addition, in April, the Company acquired 100% shares of the British Сarrington Wire Ltd. (СWL), with an annual production volume of approximately 200,000 tons, for $35 million from Aсertec Holdings Ltd. In February, the Company purchased 60%+1 share of Ukraine's Dneprometiz OJSC, with a production capacity of some 180,000 tons, for $33 million from the TAS Group. Under the transaction, Severstal-Metiz received a buy-out option for the other 27% shares of Dneprometiz upon the year end for $14-20 million.
AK&M (Russia)
print version | contents | top
 |
before |
|
 search
|
January