Russian steel giant buys up British gold miner
Published: 10 December, 2007, 08:56
Steel giant Severstal is buying UK gold miner Celtic Resources Holdings. It's reported that 81 per cent of Celtic's stock holders have accepted the offer of £2.90 a share, according to Interfax.
Severstal has extended the offer of £2.90 until December 28.
Severstal, which already owns a stake in Celtic, has made several buyout offers to shareholders in recent months. The most recent expired on Friday.
10.12.2007, 08:34
Traffic jams cripple Moscow, threaten businessTransport officials in Moscow are set to unveil a raft of new traffic-busting initiatives over Christmas. The measures are a response to the capital's chronic traffic problem, which is harming business and threatening to bring the city to a standstill. |
10.12.2007, 10:17
Russia's biggest car maker teams up with RenaultState-run arms export group Rosoboronexport, which currently owns 75% of the Russian car giant Avtovaz is to sell a 25% stake in the car-maker to French auto-manufacturer Renault, with a view to forming a strategic partnership. |
