MMK Eyeing Stake in Iran’s Metallurgical Plant

A0023792.jpgTEHRAN (FNA)- Magnitogorsk Iron and Steel Works (MMK) has made an offer to Iranian metallurgical company of Esfahan on the purchase of a controlling stake in it, Chairman of the Russian steel company’s Board of Directors Viktor Rasnikov told journalists Thursday.

He did not reveal the amount of the deals, noting that the Iranian company was still reviewing the offer. The next round of talks on the acquisition is scheduled for April 2008.

Rashnikova also pointed out that MMK was looking into the possibility of purchasing mining assets in Iran, adding that it was quite logical to buy a metallurgical plant with mining assets.

Check Also

Conference Of Islamic Clerics In Istanbul Sponsored By Qatar And Turkey Expresses Resolute Support For Hamas, Opposition To Disarming It; Calls To Mobilize All Muslims For Jihad

In August 22- 29, 2025, a high-level Islamic conference was held in Istanbul under the …