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26 May 2008

Severstal-Metiz eyeing potential takeover targets

Severstal-Metiz is eyeing potential takeover targets in Ukraine, Russia or Europe, company's CEO Olga Naumova told a press conference Thursday. "The company plans to focus on the quality of its asset portfolio rather than just pick up any assets", she said. According to her, the company is considering various investment options, including start-ups, M&As and partnership.

As reported earlier, Severstal-Metiz has recently consolidated a 95% stake in Dneprometiz after the acquisition of a 34.6% stake from TAS Group, Finam Investment Company reported.

SKRIN Newswire

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22 May 2008 Severstal-Metiz mulling acquisitions in Russia, abroad Severstal-Metiz, the hardware division of Severstal (RTS: CHMF), is thinking of acquiring new assets... more... 15 May 2008 Severstal-metiz board elected Shareholders of Severstal-metiz (Vologda region, Cherepovets) elected the Board of the company at an... more... 13 May 2008 Severstal-metiz and Group TAS agreed sale of stake in Dneprometiz Severstal-metiz announced that it had bought a further 35% stake in the TAS banking and insurance group,... more...

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