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Bloomberg reported a Russian steel company, Magnitogorsk (LSE:MMK) may sell its iron ore property.
Bloomberg reported a Russian steel company, Magnitogorsk (LSE:MMK) may sell its iron ore property.
As quoted in the market news:
The stake in Bakalskoye Rudoupravleniye, as the unit is called, may be valued at about $120 million, the newspaper said. Magnitogorsk is seeking to hire a bank to help find a buyer after it failed to resolve a conflict with owners of the remaining 49 percent of the unit.
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