Koks, a subsidiary of Russia's Industrial Metallurgical Holding (IMH), has submitted a compulsory offer to buy the remaining shares in the Russian pig iron producer Tulachermet for a consideration of Ruble 12,800 per share ($544).
In December 2007, IMH raised its stake in Tulachermet to 97.8 percent following the acquisition of a 29.9 percent stake from Metalloinvest Holding.