Press releases
19 January 2006
Further to the announcement on December 30th, 2005, OJSC Novolipetsk Steel, NLMK (LSE: NLMK) has completed the sale of its 12% interest (2,336,867 ordinary shares) in Lebedinsky GOK to CJSC "OEMK-Invest". As stated earlier, the deal is valued at USD 400 million in cash. This disposal is in line with NLMK's strategy of managing actively its asset portfolio.
6 January 2006
OJSC Novolipetsk Steel, NLMK (LSE: NLMK) today announced that it has agreed to acquire DanSteel A/S (“DanSteel”), the Danish steel manufacturer, for USD104 million. The acquisition is to be financed in full from NLMK’s existing cash funds.
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