Russian metals merger should to enhance competitiveness
Mr Vladimir Putin PM of Russian says that Russian metals companies should only merge with rivals to enhance competitiveness and not simply to consolidate debt.
Mr Putin said:
They proposed the government swap debt for 25% of the new company. The state hasn’t decided whether to support the plan. We will take a very balanced approach.
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Thu, Jan 29, 2009
Post by Melissa Pistilli, Potash Senior Reporter