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EVRAZ / ALROSA / MINING AND METALLURGICAL COMPANY TIMIR JV
M.6412
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
The Transaction concerns the formation by Evraz and Alrosa of a full-function joint venture, Timir, for the development of a greenfield iron ore mining project in Siberia. Evraz intends to acquire a 51% shareholding in Timir (presently 100% owned by Alrosa) through the purchase of 51% of the shares of Timir currently held by Alrosa.