The Russian steelmaker Novolipetsk Steel (
NLMK) has announced the submission of an offer to buyout minority shareholder stakes in three of its subsidiaries: namely, fluxing limestone mining subsidiary Stagdok, metallurgical dolomite producing facility Dolomite and coke producer Altai-koks.
Based on independent evaluation,
NLMK's offer price for the minority stakes in these three companies will be Ruble 12.53 ($0.512) per share in Atai-Koks, Ruble 3,602.03 ($147.29) per share in Stagdok, and Ruble 754.74 ($30.86) per share in Dolomite.
The shares will be transferred to
NLMK within 15 days from the acceptance of the offer.
The offer is aimed at improving efficiency in managing the assets in question.