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Russian Severstal-Group Bids for British Carrington Wire
11.03.2006 18:28
Russian Severstal-Group Bids for British Carrington Wire

The Russian Severstal-Group takes steps to get hold of Carrington Wire, Britains largest steel wire producer.
      The Russian company has applied to the German Anti-Trust Committee for the purchase of the control stake in the British company, which is currently owned by Acertec Holdings Ltd. Group.
      Carrington Wire, based in England and Wales, accounts for an annual 200,000 tonnes of wire. Severstal-Group is one of Russias major metal producers. Among its divisions operating in metallurgy are the Severstal company, Severstal North America plant (former Rouge Industries) and the Italian Lucchini.
      Hardware plants are run by the Severstal-Metiz in the Russian cities of Cherepovets, Olyol and Volgograd.


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