Renova looks at acquisition of EastOne metals assets

Russian businessman Viktor Vekselberg’s Renova is in negotiations to acquire Ukrainian businessman Viktor Pinchuk’s EastOne’s metallurgical assets, daily Kommersant reported yesterday. EastOne controls 25% stakes in several ferroalloy plants: Nikopol (UX: NFER UK), Zaporizhya (UX: ZFER UK) and Stakhaniv (UX: SFER UK); and two ore processing plants: Ordzhonikidze and Marganets.