December 19, 2012 / 7:14 AM / in 5 years

Globaltrans buys MMK-Trans for around $225 mln

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MOSCOW, Dec 19 (Reuters) - Russian freight operator Globaltrans Investment said on Wednesday it has agreed to buy 100 percent of MMK-Trans, a subsidiary of Magnitogorsk Iron & Steel Works (MMK).

Globaltrans is buying the asset for a cash consideration of $225 million and is assuming net debt and working capital of approximately $110 million, it said.

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