Maria Maksimova Insists NLMK & Nizhneserginsky Plant’s Agreements Are Invalid

2 March 2012 (10:16)

Maria Maksimova insists that the twenty-two agreements signed by Novolipetsk Iron & Steel Works (NLMK) and Nizhneserginsky Metal Goods Plant over various months of 2010 and worth over 19bn RUR altogether be declared invalid.

According to the materials available via Sverdlovsk Region Arbitration Court’s website, the plant placed a petition with the court, asking to involve Maxi Group as a third party without its own claims in the case, as the company owns a 35.5% voting shareholding in the plant. NLMK supported this petition, and the court sustained it.

The preliminary court hearing will take place on March 23, 2012.


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