Following the acquisition of the rolling business of Steel Invest and Finance (formerly a joint venture between NLMK and Duferco Group) on July 1, 2011, NLMK announces the creation of its new business divisions - NLMK Europe and NLMK USA.
Following a three times oversubscription during syndication, NLMK Europe increased the amount of its 4-year syndicated revolving collateralised finance facility from Euro 325 million to Euro 400 million.
As a result of the integration of the newly established NLMK Europe, DanSteel A/S is changing its name to NLMK DanSteel A/S and gets a new logo.
NLMK (LSE: NLMK) (“NLMK”), one of the world’s leading steel companies, is pleased to announce the completion of the previously announced deal to purchase the remaining 50% interest in Steel Invest and Finance (“SIF”) from Duferco Group (“Duferco”).
Suite à l’approbation de la commission européenne concernant la reprise des activités Produits Plats de SIF (ex-JV Duferco - NLMK) au sein du Groupe NLMK, ce er juillet, la Direction a annoncé la constitution de la nouvelle entité NLMK Europe. NLMK Europe s’inscrit désormais dans un modèle industriel unique et compétitif.