Finance / Kazakhstan
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Severstal Splits Business Into Three Divisions
April 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
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.