Severstal Splits Business Into Three Divisions

April 2008 | M&A News Alert

Severstal announced on April 14 that it will divide its businesses into three divisions: Severstal Russian Steel, Severstal Resources and Severstal International. The reorganisation of the metals and mining company and Russia's largest steel maker aims to facilitate further growth by streamlining the reporting lines between operations and senior management and increase operating efficiencies. The new structure will take effect in April.

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