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2 June 2011

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.