The M&A activity in the metallurgy sector picked up in February after a barren January. Two transactions for a total amount of $456.8 million were finalized against only deal ($122.9 million) in February 2013, according to the recent issue of AK&M Information Agency's monthly bulletin MERGERS AND ACQUISITIONS MARKET (no. 194).
March contributed another transaction, namely, the sale by Evraz Group of its Czech Republic-based factory Vítkovice Steel.
It will be recalled that in 2013, divestitures by Russian companies of their assets in Russia and abroad accounted for 43% of the total M&A market volume in the metallurgy sector. This process driven by adverse conditions of the global metallurgical market is still underway.
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