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2008-06-14 21:00:11

MOSCOW. June 14 (Interfax) - The Pipe Metallurgical Company (TMK) together with Evraz Group had closed the deal of buying IPSCO pipe plants from SSAB Svenskt Stal AB. A TMK press release says that company bought 100% in IPSCO Tubulars Inc. and 51% of NS Group located in the United States for approximately $1.25 billion. TMK and Evraz also agreed on an option for the remaining 49% in NS Group, which can be carried out a price of about $500 million. As a result of the deal TMK acquired 10...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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