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Russia's Severstal sells US-based PBS Coals to Canada's Corsa Coal

Posted by July 15, 2014

Russia's Severstal has agreed to sell Pennsylvania-based coal producer PBS Coals to Canada's Corsa Coal for an enterprise value of $140 million, the Russian company said on Tuesday.

The deal is expected to be completed by mid-August, it said in a statement.


Reporting by Svetlana Burmistrova

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