Severstal to sell its facilities in Italy

Severstal is in the middle of negotiations for the sale of its Italian facilities Lucchini Piombino, ranking second in steel production in Italy. A source representing banking interests informed Interfax that a few investors are engaged in the negotiations without mentioning their geography. According to the source the deal may be closured in the nearest time. The banker said that Severstal might sell either the whole company, or its control stock.