20:46 11/04/2006

MOSCOW, April 11 (RIA Novosti) - Severstal-metiz, Russia's leading wire manufacturer, said Tuesday it had acquired a 100% stake in Britain's Carrington Wire, Europe's leading wire producer.

The company did not specify the price of the deal.

Severstal-metiz is a member of Severstal Group, a major Russian steel producer with assets in a wide range of industrial sectors, including mining, machinery and transportation.

Carrington accounts for 30% of the UK's wire and wire products market, with customers in more than 50 countries.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20060411/45587429.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20060411/45587429.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;"> Russian Severstal-metiz buys UK company Carrington Wire</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 10px 0px 0;"><span style="color:#5590bf;">20:46</span> <span style="color:#5590bf; padding-right:7px;">11/04/2006</span> <span style="font-size:12px;"><a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20060411/45587429.html" title=" Russian Severstal-metiz buys UK company Carrington Wire">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>