Monday, July 9, 2007

Russia's MMK owner rules out merger soon - paper

(Reuters) - "The problem is that I don't see myself a minority
shareholder ... Any of these deals is possible in the future,
but not now," he said adding that a merger with Evraz would have
offered the most synergy.




He also said MMK planned to increase rolled steel output to
15 million tonnes by 2013 from 11.3 million last year by
investing over $5 billion in domestic expansion.


Read more at Reuters.com Mergers News

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