NoD: Evraz gets Oregon Steel

Evraz Group has purchased nearly all shares of Oregon Steel Mills Inc. and will soon take over the Portland company. The Russian steelmaker said it has received 91.5 percent of the nearly 36 million shares of Oregon Steel stock. The deal got U.S. regulatory approval on Jan. 10 and has enough shares to fast-track the purchase and bypass a shareholder vote. Evraz said it would complete the merger in a few days. When the deal is complete, Oregon Steel will become a subsidiary of Evraz in one of the largest investments ever in the U.S. economy by a Russian company.

Why this is important:
1. Succesful acquisition evidences that US authorities were unable to confirm Evraz-Kremlin connection.
2. Another case of Russian company expanding abroad and penetrating into the US market.