Russia's UMMC denies interest in buying Serbia's Zelezara Smederevo

Russia's Urals Mining and Metallurgical Company, UMMC, did not apply to acquire Serbia's Zelezara Smederevo metallurgy plant as it was not interested in this asset, UMMC-Holding CEO Andrei Kozitsyn told reporters Monday, PRIME reported.In late September, Serbian Prime...

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Russia's UMMC denies interest in buying Serbia's Zelezara Smederevo



bne - 02.10.2012

Russia's Urals Mining and Metallurgical Company, UMMC, did not apply to acquire Serbia's Zelezara Smederevo metallurgy plant as it was not interested in this asset, UMMC-Holding CEO Andrei Kozitsyn told reporters Monday, PRIME reported.

In late September, Serbian Prime Minister Ivica Dacic said that the government was holding negotiations with a large Russian company on the possible sale of the plant. Serbia repurchased the loss-making plant in January from U.S. Steel Corp. for a nominal fee of U.S. $1.

Earlier this year, the government held a tender for the plants sale, but it was postponed twice due to the absence of bids.

Source: bne


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