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***SPOTLIGHT: Severstal confirms possible Lucchini stake sale, but analysts struggle to identify buyer

February 08, 2010 - 13:31 GMT Location: London

KEYWORDS: Lucchini , Severstal , Piombino

Severstal is looking to sell its majority stake in Italian steelmaker Lucchini, the company confirmed on Monday.

The statement came after rumours circulated in the marketplace saying that the Russian steelmaker was looking to sell its 80% share in the company. “The company confirms that it continues to explore all options to ensure the most appropriate structure for the development of these operations, including a possible sale of...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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