The U.S. branch of Russia's Severstal, one of the world's leading steel and mining companies, is considering selling a number of its steel assets in the United States, and has invited potential buyers to submit proposals until August 13, Metal Bulletin newswire reported on Wednesday, quoting sources familiar with the deal.
Potentially, three enterprises - Severstal Sparrows Point in Maryland, Severstal Warren in Ohio, and Severstal Wheeling in West Virginia - could be sold.
Severstal has sent potential buyers information about each company, and is waiting for expressions of interest.
"That doesn't mean that any of those companies will spark interest," said the source, adding that Severstal will wait until Friday to hear back from potential shareholders and financial investors.
Severstal is an international metals and mining company. Its enterprises are located in Russia, the United States, countries of the European Union and Ukraine. Nearly 82% of all shareholder capital is controlled by company CEO Alexei Mordashov. The remaining 17.63% belongs to intuitional investors and company employees.
MOSCOW, August 11 (RIA Novosti)
