Acquisition of Intex Resources17 Oct 2010 09:34
Severstal just acquired over 20% of Intex Resources, a Norwegian company with great resources of nickel in the Mindoro the Phillipines and has launched an intention to acquire the rest of the company shares.
They look to acquire the company at a fraction of its value, which is great for severstal if it comes through.
Can be a very good opportunity for severstal investors.