Severstal offers Nord Gold in shareholder-friendly exchange

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Severstal offers Nord Gold in shareholder-friendly exchange

Severstal, the Russian steel firm, on Wednesday started a process to spin-off its Nord Gold unit, nine months after trying and failing to list the firm through an IPO. Instead, it has chosen to give its minority shareholders the choice to exchange their Severstal shares or GDRs for Nord Gold GDRs which will be listed in London.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article