News

2 June 2011 NLMK Group

NLMK inks NTK divestment deal


NLMK today announced that it had finalised a deal to divest 100% of its holdings in Independent Transportation Company LLC (NTK) to UCL Rail B.V., a subsidiary of Universal Cargo Logistics Holding B.V. (UCL Holding). The cash consideration for the transaction is $325 million and the net debt of NTK upon completion of the transaction is around $238 million.

Contacts

Babichenko Sergey

Head of PR

+7 (495) 504 05 04

babichenko_sy@nlmk.com

Maria Simonova

Press Secretary

+7 (915) 322-62-25

simonova_mn@nlmk.com

All contacts