Russia's Severstal eyes further M&A-fuelled growth

Newswire

By Svetlana Kovalyova MILAN, Jan 23 (Reuters) - Russian steel maker Severstal , which has grown through acquisitions in the United States and Italy, is currently evaluating two or three deals around the world, a top Severstal executive said on Monday. Last year, Severstal bought 62 percent in Italian steel firm Lucchini and later raised the stake to 70 percent. But it failed with bids for Canada's biggest steel producer, Stelco Inc. , and for Turkey's largest producer of flat steel, ...

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