TITLE

Severstal Agrees to Buy Sparrows Point

PUB. DATE
April 2008
SOURCE
Metal Center News;Apr2008, Vol. 48 Issue 5, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of steelmaker OAO Severstal company to acquire Sparrows Point company in the U.S. It states that the sale of Sparrows Point is mandated by the U.S. Department of Justice for antitrust reasons on the merger of Arcelo and Mittal. Further, Alexie Mordashov, chief executive officer (CEO) of Severstal, asserts that the move could improve the company's portfolio and offer growth potential.
ACCESSION #
31831773

 

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