News

19 January 2006

OJSC Novolipetsk Steel (NLMK) completes the sale of 12% interest in Lebedinsky GOK

Further to the announcement on December 30th, 2005, OJSC Novolipetsk Steel, NLMK (LSE: NLMK) has completed the sale of its 12% interest (2,336,867 ordinary shares) in Lebedinsky GOK to CJSC "OEMK-Invest". As stated earlier, the deal is valued at USD 400 million in cash. This disposal is in line with NLMK's strategy of managing actively its asset portfolio.