OREANDA-NEWS. November 28, 2007. Severstal`s Board of Directors has approved the sale of 53.57% shares of OAO “Metallurgical Commercial Bank” to OOO “Capital”. Member of the Board and CFO of “Severstal” Mikhail Noskov said the decision was taken due to the fact that the company considers this business a none-core asset.

The price of the stake was determined by an independent appraiser Rosexpertiza.