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By John Helmer in Moscow When the Kremlin decides to privatize strategic resource assets, it makes a habit of quietly arranging the buyers in advance. Although such privatizations are always announced as serving the requirement of the state treasury to maximize the asset value and take in the largest amount of cash possible for the […]

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By John Helmer in Moscow Negotiations are close to a deal announcement for the takeover of the Donetsk Electrometallurgical Works (DEMZ) by Russia’s Mechel group, controlled by Igor Zyuzin (right figure). A report today from George Buzhenitsa, steel analyst at Unicredit Securities, discloses that Mechel is “in the final stages of completing the acquisition”. He […]