EBRD – RUSSIA
April 1st, 2002
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development is planning to lend Euro 15.9 million to Italy's Duferco, to fund buy-outs of minority shareholders in Russian grain oriented steel producer VIZ-Stahl. It is already controlled and managed by Duferco, and the bank thinks full-ownership would lead to "full commercial development" by a company "with a clear strategic view on the steel sector and proven ability in acquiring and turning around steel plants." Duferco could then "commit its resources to the modernisation programme rather than for ...
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