8/18/11

Renova in talks to buy Ukrainian metals assets

Mr. Viktor Vekselberg’s Renova Group is in talks to buy metals assets of Viktor Pinchuk EastOne LLC.
EastOne is looking to sell 25% of companies that control three ferroalloy plants and two iron ore processing facilities in Ukraine including the Nikopol Ferroalloy Plant. The stakes may be worth a total of $1.5 billion. (Kommersant)