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

Severstal acquires WCI Steel for $140 million
19.05.2008 16:01
Severstal acquires WCI Steel for $140 million

Severstal, Russian key steel producer, is completing the transaction on acquisition of American WCI Steel.
      
      Having paid $140 million for the plant the Russian company takes up $187 million of the plants debts.
      
      Severstal expects the WCI to bring $24 million profit by 2012, though analysts suppose the Russian steel-manufacturer acts unwise when acquires American bankrupt companies.
      
      WCI Steel is the fourth Severstals asset in the USA. In 2003 the company purchased Rouge Industries for $285.5 million. In 2007 Severstal became the major shareholder in SeverCorr and in April of 2008, the company completed the acquisition of Sparrows Point for $810 million.
      
      source:
      Russian Business


Tags:      

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
elections in Russia  Sverdlovsk  alcohol price  Russian courts  St. Petersburg  Altai Republic  Mashina Vremeni  Russia international  Arts and Crafts  Russian telecom companies  Mercedes-Benz Fashion Week Russia  Best of Russia 2013  Sheremetyevo Airport  Kasimov  Murmansk  Sokolniki Park  Konstantin Paustovsky  Russian tourist destinations  Monte Carlo  Russian Cinema  Vologda  Sochi restaurants  Ust-Poluy  echpochmak  Russian tourism  Russian Photographers  Active Travel  Russian economy  Russian sport  Rutger Hauer  Russian scientists  Kazan night clubs  Art Exhibitions  Russian technologies  Exhibitions in Moscow  Anna Starobinets  Moscow  Russian science  Frankophone Film Festival  Trans-Siberian railway route  Historical Exhibitions  airport transfer in Russia  Russian Internet  Russian business  Places of interest  Izhevsk  Bashkiria  Sand Sculpture Festivals  international cooperation  Acron 


Travel Blogs
Top Traveling Sites