Metalloinvest Finance Designated Activity Company: Metalloinvest and Zagorsk Pipe Plant completed negotiations on joint development of Ural Steel
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Friday, July 3, 2020
Metalloinvest Finance Designated Activity Company: Metalloinvest and Zagorsk Pipe Plant completed negotiations on joint development of Ural Steel
Key Points:
- Metalloinvest Finance Designated Activity Company: Metalloinvest and Zagorsk Pipe Plant completed negotiations on joint development of Ural Steel
Dissemination of a Regulatory Announcement, transmitted by EQS Group. - Moscow, Russia - 02 July 2020 - Metalloinvest and Zagorsk Pipe Plant (ZTZ) have ended discussions on a strategic partnership for the development of Ural Steel and on ZTZ's acquisition of an equity stake in the enterprise.
- Following an in-depth study and analysis of market conditions, the parties decided to continue independent development of their assets.
- Since 2017, Metalloinvest has been implementing a comprehensive development programme at Ural Steel.