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Disposal

26 Sep 2006 07:04

OJSC Novolipetsk Steel26 September 2006 Novolipetsk Steel (NLMK)26 September 2006 Novolipetsk Steel (NLMK) completes the disposal of KMA Ruda Further to the announcement on August 16th, 2006, Novolipetsk Steel (LSE: NLMK),a leading Russian steel producer, has completed the disposal of its stake of92.04% (236,605 ordinary shares) in OJSC "KMA Ruda". As stated previously, thedeal is valued at USD 300 million in cash. The 59.99 % interest in KMA Ruda wassold to OJSC "KOKS" and 32.04 % interest was sold to Lesser Enterprises LimitedCompany for USD 195.5 and 104.5 million respectively. This disposal is in line with NLMK's recently announced sustainable growthstrategy for 2007-2011. One of the key elements of the strategy is unlocking thevalue of non-strategic assets. For further information: NLMKAnton Bazulev +7 495 915 1575 Financial DynamicsJon Simmons +44 207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
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18th Feb 200912:00 pmRNSNLMK restarts blast furnace No2
12th Feb 20091:15 pmRNSNLMK restarts blast furnace
5th Feb 20091:43 pmRNSNLMK decommissions two coke batteries-Replacement
5th Feb 20091:00 pmRNSNLMK decommissions two coke batteries
27th Jan 20093:45 pmRNSSecond Price Monitoring Extn
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26th Jan 20099:30 amRNSQ4 2008 and FY2008 Trading Update
16th Jan 20097:00 amRNSCompletion of Disposal
5th Jan 20093:40 pmRNSPrice Monitoring Extension
30th Dec 200811:30 amRNSBlock Listing Six Monthly Return
29th Dec 20083:45 pmRNSSecond Price Monitoring Extn
29th Dec 20083:40 pmRNSPrice Monitoring Extension
19th Dec 20083:40 pmRNSPrice Monitoring Extension
12th Dec 20087:00 amRNSNLMK 9M 2008 US GAAP Results
11th Dec 20087:05 amRNSNotice of Results
9th Dec 20081:28 pmRNSDisposal
2nd Dec 20083:45 pmRNSSecond Price Monitoring Extn
2nd Dec 20083:40 pmRNSPrice Monitoring Extension
24th Nov 20083:46 pmRNSSecond Price Monitoring Extn
24th Nov 20083:40 pmRNSPrice Monitoring Extension
17th Nov 20087:48 amRNSCompany Statement
14th Nov 20083:40 pmRNSPrice Monitoring Extension
14th Nov 20083:25 pmRNSNLMK idles two blast furnaces
10th Nov 20081:30 pmRNSQ3 2008 RAS financial results
7th Nov 20083:49 pmRNSSecond Price Monitoring Extn
7th Nov 20083:44 pmRNSPrice Monitoring Extension
3rd Nov 20087:00 amRNSNLMK decommissions two coke batteries
31st Oct 20083:40 pmRNSPrice Monitoring Extension
31st Oct 20082:30 pmRNSCompletion of Acquisition
20th Oct 20087:00 amRNSStatement re Litigation
17th Oct 20083:46 pmRNSSecond Price Monitoring Extn
17th Oct 20083:40 pmRNSPrice Monitoring Extension
17th Oct 20082:25 pmRNSNLMK starts maintenance work on blast furnace

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