Novolipetsk Steel (NLMK) has completed a deal on purchasing a 50-percent stake in a joint venture with Duferco Group, a company press release reads. The deal cost $805.5m and was paid by cash.
According to the press release, the cost of the deal may be changed in view of the financial results audit of NLMK and Duferco for the 2005-2006 fiscal year, which was completed on September 30, 2006. The final price will be set in the second quarter of 2007.