18 December 2003 00:21
TMK Steel Limited consolidates 51% of pipe holding
MOSCOW. Dec 18 (Interfax) - The Cyprus-registered TMK Steel Limited has consolidated 51% of the shares in Pipe
Metallurgical Company (ZAO TMK), Russia's biggest pipe producer.
ZAO TMK, a limited company, plans to go public, and this is one of the stages in the process, TMK said. The company
will not be publicly- listed until 2005, though.
TMK comprises Russia's Seversky, Sinara and Volzhsky pipe mills, Taganrog Metallurgical Plant plus the Artrom
pipe mill in Romania. [RU ASIA EUROPE EEU EMRG CY STL MRG STX] pr <>
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