Severstal has announced that is daughter company Cambay Services Ltd has completed the deal to sell 100% of Dealzone Holding Ltd, owner of 98.6% in Dneprometiz.
The sale of Dneprometiz will allow improving the efficiency of Severstal-Metiz and increasing the group profitability.
The company is not disclosing the deal conditions or the buyer of its Ukrainian asset.
Severstal bought 60% of Dneprometiz in 2006. Then its share increased to 98.6%. (Ukrainian metal)
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