Potash Investing News » Russian metals merger should to enhance competitiveness

Russian metals merger should to enhance competitiveness

January 29, 2009 @ 5:45 am In Potash Market News

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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[1] here: http://steelguru.com/news/index/2009/01/29/ODAzOTA%3D/Russian_metals_merger_should_to_enhance_competitiveness.html