Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Severstal acquired Sparrows Point for $810 million
8.05.2008 14:44
Severstal acquired Sparrows Point for $810 million

OJSC Severstal, the key Russian steel producer, has completed the transaction on acquisition of American Sparrows Point plant. The amount of transaction made up $810 million.
      The synergistic effect from the acquisition of the American plant is estimated by Severstal Company at $50 million.
      It is instructive to recall that last February the U.S. Department of Justice required ArcelorMittal to sell Sparrows Point plant in order to prevent market concentration seen as a result of merger of Mittal Steel and Arcelor.
      Russian Business


Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Russian economy  Caucasian State Biosphere Reserve   Russian business  Murmansk Region  Russian Cinema  Modern Art  Komsomolskaya  Vladimir Bekhterev  Russian hospitality industry  Kurchatovsky Institute  Christmas  Russian Actresses  Film Distribution  Scrap Metal  Russian Aviation Day  Ufa  Khabarovsk  Sverdlovsk region  Russian hotels  Mercedes-Benz Fashion Week Russia  Primorye Territory  Russian Clowns  privatization  Vauxhall Center  Ukraine  Great Patriotic War  pastila   Mark Varshavsky  St. Petersburg  Russian sportswomen  Russian tourism  Tatyana Bakalchuk  Rostov-on-Don  Russian science  Leo Tolstoy  invest  activity holidays  Russian figure skaters  Russian winter  Russian lottery  SPIEF  Russian artists  Russian scientists  Art Exhibitions  mobile slavery  Moscow  Unified Space System  Maly Theater  All Events  Exhibitions in Moscow 

Travel Blogs
Top Traveling Sites