News

2 May 2006

OJSC Novolipetsk Steel (NLMK) Completes Tender Offer for Ordinary Shares in OJSC "KMA Ruda"

OJSC Novolipetsk Steel (NLMK) Completes Tender Offer for Ordinary Shares in OJSC "KMA Ruda"
OJSC Novolipetsk Steel (NLMK) announces that it completed a tender offer for OJSC KMA Ruda ordinary shares on 27 April, 2006. As a result of the tender offer, NLMK purchased 8.59% ordinary shares increasing its ownership in KMA Ruda to 84.85%.

KMA Ruda is a mining company located within 350 kilometers of NLMK’s production facilities in Lipetsk. The company holds a leading position among Russian deep-mining companies. KMA Ruda supplies NLMK with iron ore concentrate.