Severstal announces about closure of the transactions for the sales of its American assets
Edited by Rhod Mackenzie / 2014-09-17 10:50:39
Severstal announces about closure of the transactions for the sales of its American assets Severstal Columbus to Steel Dynamics and Severstal Dearborn to the US Steel Corporation.
Severstal announced about the sales of its two metallurgic combines of Severstal North America division on July 21 2014. The sales of Severstal Columbus and Severstal Dearborn demonstrates intention of Severstal to maximize the price for the shareholders. Not taking into account the external debt of the plants at a rate of $171 million, Severstal raised $2 billion in cash from the sales. Since 2004, total expenses of Severstal to purchase and development of its North American plants are $2.8 billion.
