MOSCOW, June 16 (Reuters) - Russia's third-largest steel mill, Novolipetsk , has bought a controlling stake in a big Russian seaport for $100 million to strengthen its production-to-export network, a newspaper said on Wednesday. Vedomosti said Novolipetsk bought 69.4 percent in the Black Sea port of Tuapse from transport firm Severstaltrans, which is linked to Novolipetsk's major domestic steel rival, Severstal . The government holds 25 percent in Russia's third-biggest port after ...
Premium Content (PAID Subscription Required)
"Russian steel company buys port to improve exports" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.