26 Sep 2006 07:04
OJSC Novolipetsk Steel26 September 2006 Novolipetsk Steel (NLMK)26 September 2006 Novolipetsk Steel (NLMK) completes the disposal of KMA Ruda Further to the announcement on August 16th, 2006, Novolipetsk Steel (LSE: NLMK),a leading Russian steel producer, has completed the disposal of its stake of92.04% (236,605 ordinary shares) in OJSC "KMA Ruda". As stated previously, thedeal is valued at USD 300 million in cash. The 59.99 % interest in KMA Ruda wassold to OJSC "KOKS" and 32.04 % interest was sold to Lesser Enterprises LimitedCompany for USD 195.5 and 104.5 million respectively. This disposal is in line with NLMK's recently announced sustainable growthstrategy for 2007-2011. One of the key elements of the strategy is unlocking thevalue of non-strategic assets. For further information: NLMKAnton Bazulev +7 495 915 1575 Financial DynamicsJon Simmons +44 207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange
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| Date | Source | Headline | |
|---|---|---|---|
| 2nd May 2006 | 10:36 am | RNS | Re Tender Offer |
| 26th Apr 2006 | 1:28 pm | RNS | Trading update for Q1 |
| 18th Apr 2006 | 7:02 am | RNS | Notice of AGM |
| 18th Apr 2006 | 7:02 am | RNS | Final Results |
| 6th Apr 2006 | 3:40 pm | RNS | Notice of Results |
| 4th Apr 2006 | 7:01 am | RNS | Acquisition |
| 3rd Apr 2006 | 4:21 pm | RNS | RAS results |
| 30th Mar 2006 | 1:00 pm | RNS | Internal Restructuring Plan |
| 29th Mar 2006 | 7:01 am | RNS | Acquisition |
| 27th Mar 2006 | 4:31 pm | RNS | KMA Ruda Tender Offer |
| 1st Feb 2006 | 3:34 pm | RNS | Trading Statement |
| 27th Jan 2006 | 3:23 pm | RNS | Acquisition Completion |
| 19th Jan 2006 | 7:01 am | RNS | Disposal |
| 9th Jan 2006 | 7:00 am | RNS | Exercise of Greenshoe |
| 30th Dec 2005 | 1:03 pm | RNS | Disposal |
| 30th Dec 2005 | 9:18 am | RNS | Re New Concentrator Facility |
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