Severstal increases stake in joint venture with Linde GmbH
13.07.2020
MOSCOW (MRC) -- PAO Severstal announces it has closed a deal to increase its shareholding in its joint venture with Germany's Linde GmbH for the production of coil-wound heat exchangers (CWHE) for use in medium-scale and large-scale LNG plants. Following the completion of the transaction, Severstal will have a 50% stake in the joint venture, said the company.The joint venture was establis