Urals | Industry, manufacturing

Estar to sell ZMZ to RusSpetsStal?

19 May '09
Multi-industry group Estar intends to sell its Chelyabinsk region-based Zlatoust metallurgic plant ZMZ, currently inactive, to state-run steel maker RusSpetsStal, Kommersant reports.

The buyer will reportedly have to pay up to $500m to repay on the plants debts and invest in its recovery and development.

The plant is currently inactive.
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