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Wednesday, August 17, 2011

Russia's Renova in talks to buy Ukrainian steel assets-paper

Wed Aug 17, 2011

MOSCOW Aug 17 (Reuters) - Renova, the investment holding of Russia's billionaire Viktor Vekselberg, may buy steel assets from Ukraine's billionaire Viktor Pinchuk in a deal potentially worth $1.5 billion, the daily Kommersant reported on Wednesday.

Pinchuk investment's company EastOne Group is selling a 25 percent stake in a series of its steel assets, the newspaper reported, citing unnamed sources close to the negotiations.

(sourced Reuters)

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