Acquisition of Stagdok and DolomitNLMK acquires control over Lipetsk region-based companies Stagdok and Dolomit, covering its needs in flux materials.
Acquisition of Tuapse Trade Seaport (TMTP)NLMK acquires a controlling stake in TMTP for $189 m to facilitate stable exports for NLMK and reduce the cost of port operations.
Acquisition of StoilenskyNLMK acquires control over Stoilensky, one of the largest iron-ore producers in Russia, in order to secure long-term supplies of iron-ore products.
Creation of Joint Venture with Duferco GroupNLMK concludes an agreement to create a joint venture with Duferco Group with an investment of $805.5 m. The joint venture includes steel production and distribution facilities in Europe and USA.
Acquisition of VIZ-SteelNLMK acquires 100% of VIZ-Steel, the second-largest Russian electrical steel manufacturer, for $550 m. This acquisition was in line with the Group’s strategy of downstream vertical integration, aimed at increasing production volumes of high-value-added products.
Acquisition of DanSteel A/SNLMK acquires a 100% interest in DanSteel A/S for $104 m. This transaction was in line with NLMK’s strategy of acquiring rolling facilities and developing a portfolio of high-value added products in key sales markets.
Acquisition of Altai-Koks and Prokopievskugol shares2In April 2006, NLMK acquires 82.23% of Altai-Koks and 100% of Kuzbass Asset Holdings Limited, Gibraltar, which owns 100% of Russian coal producer Prokopievskugol.
Acquisition of Maxi-GroupNLMK acquires a 50%+1 stake in Maxi-Group for approximately $299 million. Acquired assets include a number of facilities that form an integrated production chain, from scrap collection and processing to the production of long products.
Divestment of ProkopievskugolNLMK agrees to sell the Prokopievskugol group of companies to a municipal state company representing the city administration of Prokopievsk due to high production costs and the inability to improve profitability without significantly reducing headcount. According to the agreement, the transaction price was $1. Prokopievskugol was initially acquired by NLMK as an integral, conditional part of its acquisition of the Altai-Koks coking facility.
Acquisition of Beta SteelNLMK completes the acquisition of a 100% interest in Beta Steel, a U.S. steel and rolled products manufacturer, for approximately $350 m. The company was later renamed as NLMK Indiana and became part of the NLMK USA division.
Acquisition of international tradersNLMK announces the acquisition of a 100% stake in trading companies Novexco Limited (Cyprus) and Novex Trading S.A. (Switzerland). The acquisition price was approximately €77 m. This transaction is in line with the Company’s strategy to establish an international trading department within the Group and is designed to improve control over export sales and further enhance NLMK’s presence in core export markets.
Disposal of Tuapse Trade Seaport (TMTP)NLMK completes the sale of its stake in Tuapse Seaport to Universal Cargo Logistics Holding B.V. (UCLH) for approximately $254 m.
Acquisition of VMI Recycling GroupNLMK acquires VMI Recycling Group for a total of $28 m. The company specialized in collecting and processing ferrous scrap with an annual capacity of up to 500,000 tonnes and operated four sites equipped with modern scrap processing facilities located in the Moscow region.
Acquisition of service center in IndiaNLMK acquires an electrical steel service center in India with a processing capacities of 15,000 tonnes, providing NLMK with direct access to end users in this growing market.
Consolidation of Steel Invest and Finance S.A. rolling assets and creation of foreign divisionsNLMK consolidates the rolling assets of Steel Invest and Finance, formerly part of the Joint Venture with Duferco Group. The cash consideration for the transaction was approximately $600 m, payable in four equal annual installments.
Divestment of Independent Transportation Company (NTK)NLMK Board of Directors agrees to sell Independent Transportation Company LLC (NTK) to UCL Rail B.V., a subsidiary of Universal Cargo Logistics Holding B.V. (UCL Holding), for $325 m.
Acquisition of license to develop Usinsk-3 coal depositNLMK wins the right to develop the third mining area in the Usinsk coal deposit (Usinsk-3) located in the north of the Komi Republic. NLMK is selected following a competition organized by the Subsoil Agency of the Komi Republic. The license fee was 900 million rubles.
Sale of stake in NBH (20.5%) to SOGEPAAs part of an optimization process at its European operations, NLMK brings in SOGEPA (Société Wallonne de Gestion et de Participations S.A.), a Belgian state-owned company, as an investor into NLMK Europe. SOGEPA acquires 20.5% of NLMK Belgium Holdings S.A. (NBH), which comprises NLMK Europe’s operating and trading companies excluding NLMK Dansteel, for €91.1 m.
SOGEPA increases stake in NBHNLMK Group and the Walloon Region-owned SOGEPA (Societe Wallonne de Gestion et de Participations S.A.) sign an agreement providing for an increase of SOGEPA’s stake in NLMK Belgium Holdings (NBH) and joint management of NBH’s businesses. Under the agreement, SOGEPA’s interest in NBH increases from 20.5% to 49%.