Evraz Group is planning to buy a little more than 5% share holding of Nizhniy Tagil Iron and Steel Works

According to Evraz Group press service the company is planning to buy a little more than 5% share holding Nizhny Tagil Iron and Steel Works. Mastercroft Limited, the company’s subsidiary that owns 94.997% of Nizhniy Tagil Iron and Steel Works, has offered 65.541 million shares (a little more than 5%) to the minority shareholder; these shares are to be acquired before May 29, 2007 for 63.72 RUR ($2.45) apiece.