LNM buys Siderugica Hunedoara

LNM Holdings, the world’s second-largest steel producer, yesterday completed negotiations to buy Siderurgica Hunedoara steel mill and signed the acquisition contract for 80% in the Romanian company. The Privatisation Authority (APAPS) sold the stake and the transaction (value of stock and the debts assumed by the new owner) is worth 43.4 million dollars. LNM Holdings has thus added a new company to its Romanian portfolio, after having bought Sidex Galati (now Ispat Sidex) in 2001, Tepro Iasi and Petrotub Roman. ZF