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Severstal caps acquisition of Rouge assets.

Publication: American Metal Market
Publication Date: 03-FEB-04
Format: Online
Delivery: Immediate Online Access
Full Article Title: Severstal caps acquisition of Rouge assets.(OAO Severstal completed acquisition of substantially all assets of Rouge Industries Inc. and its primary operating subsidiary, Rouge Steel Co.)

Article Excerpt
PITTSBURGH -- OAO Severstal, Cheropovets, Russia, has completed the acquisition of substantially all of the assets of Rouge Industries Inc., Dearborn, Mich., and its primary operating subsidiary, Rouge Steel Co.

The deal, valued at about $285.5 million, includes the acquisition by Severstal's North American operating subsidiary, Severstal North America Inc., of Rouge's interest in two key joint...

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