Severstal Agrees to Buy Sparrows Point

April 2008
Metal Center News;Apr2008, Vol. 48 Issue 5, p45
Trade Publication
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.


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