The Lipetsk pipe company Svobodniy Sokol has purchased assets belonging to the insolvent Lipetsk Iron and Steel Works Svobodniy Sokol for 756.2 million rubles.
According to the company CEO Igor Yefremov, this includes premises, metal and special machinery, lease right, patents, trade marks, railroad transport and social objects. The starting price of the lot was 2.5 billion rubles.
Svobodniy Sokol works was declared bankrupt in 2013. The company produced pig iron and pipes. (Ukrainian metal)