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Russia: NLMK buys construction institute

NLMK has purchased 100% shares of Ural Research-Scientific Institute of Architecture and Construction (UralNIIAS). In 2016 the institute revenue grew 2.4-fold, to 162.9 million rubles, with net profit at 10.25 million rubles, up from 28.8 million rubles of losses in 2015. In H1 NLMK increased net profit by 63.1% YoY, to $1.083 billion. (Ukrainian metal)

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