Novolipetsk Steel (LSE: NLMK) today announced that it has embarked on an internal restructuring plan aimed at:
New equipment, designed for producing spare parts used in hydraulic cylinders of metallurgical facilities, has been commissioned at NLMK’s Maintenance Works.
OJSC Novolipetsk Steel NLMK (LSE: NLMK) is pleased to announce that it has agreed to acquire from a group of investors an 82% interest in "Altai-koks", coke-chemical plant, and a 100% interest in holding company Kuzbass Asset Holdings Limited, Gibraltar, which owns 100% of interest in "Prokopievskugol" Coal Company for about USD 750 million. The acquisition is to be financed in full from NLMK’s existing cash funds.
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