Press releases
Novolipetsk Steel, NLMK (LSE: NLMK), a leading Russian steel producer, today announced it has completed the disposal of its stakes of 14.11% in OJSC “Lipetskenergo”, 14.11% in OJSC “Lipetskenergosbyt”, 2.7% in OJSC “TGK-4”, 14.11% in OJSC “Lipetsk supply network”, 19.39% in OJSC “Lipetskoblgaz” and 51% in OJSC “LGEK”
Further to the announcement on November 27th, 2006, Novolipetsk Steel (LSE: NLMK), a leading Russian steel producer, has completed the acquisition of a 50% interest in a joint venture with Duferco Group that owns and operates a number of steel production and distribution facilities in Europe and the USA. The purchase price of USD805.5 million was financed in full from NLMK’s existing cash funds.
OJSC Novolipetsk Steel (“NLMK”, “the Company”), the LSE listed leading Russian steel producer, today announced its consolidated US GAAP results for the first nine months ended 30 September, 2006.
Novolipetsk Steel (LSE: NLMK) will be announcing US GAAP results for nine months ended 30 September 2006, on Thursday 7 December 2006.
Novolipetsk Steel (LSE: NLMK) (“NLMK”) and Duferco Group (“Duferco”) have reached a definitive agreement to create a joint venture company to acquire certain steel production and distribution facilities currently owned by Duferco in Europe and USA.
It is with great sadness that the Board of NLMK has learned of the death of Dr. Nikolai Lyakishev, who passed away this weekend. Dr. Lyakishev has served as a member of the Board of Directors of NLMK since May 2005, and has made an enormous contribution to the company. He will be very sadly missed.
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