NLMK to sell freight asset to Lisin's UCL Rail for 236 million dollars

摘要

Novolipetsk Steel (NLMK) will sell its 100% stake in Independent Transportation Company LLC (NTK) to UCL Rail B.V., a subsidiary of Vladimir Lisin's Universal Cargo Logistics Holding B.V. (UCL Holding), the company said in a statement. The cash consideration in the transaction is 325 million dollars and assumes that the net debt of NTK at the completion of the transaction will be around 236 million dollars.