Severstal | 29 November 2007 г. | 12:59

Severstal to sell non-specialized assets

Severstal to sell non-specialized assets
Severstal`s Board of Directors has approved the sale of 53.57% shares of  JSC Metallurgical Commercial Bank to OJSC Capital.

Member of the Board and CFO of “Severstal” Mikhail Noskov said the decision was taken due to the fact that the company considers this business a none-core asset. The price of the stake was determined by an independent appraiser Rosexpertiza

Source: Metal Supply and Sales
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