News

21 February 2006

OJSC Novolipetsk Steel (NLMK) completes the acquisition of 25% stake in KMA Ruda

Further to the announcement on December 30th, 2005, OJSC Novolipetsk Steel has completed the acquisition of an additional 25.37% stake in KMA Ruda from companies affiliated to the shareholders of Lebedinsky GOK.  As a result of this transaction NLMK now has a controlling stake of 58.26% in KMA Ruda.

This acquisition goes in line with NLMK’s strategy of developing and consolidating the vertical integration of the Group.