02.06.2011, 22:52
NLMK Inks NTK Divestment Deal
OREANDA-NEWS. June 02, 2011. NLMK today announced that it had finalised a deal to divest 100% of its holdings in Independent Transportation Company LLC (NTK) to UCL Rail B.V., a subsidiary of Universal Cargo Logistics Holding B.V. (UCL Holding).
The cash consideration for the transaction is USD 325 million and the net debt of NTK upon completion of the transaction is around USD 238 million.
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