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Commercial Metals Company
CMC announced today that its wholly-owned subsidiary, Commercial Metals
International GmbH ("CMC"), has entered into a Share Purchase Agreement with
Moravia Steel a.s. ("Moravia") whereby CMC has agreed to sell its 11%
ownership interest in Trinecke Zelezarny ("Trinecke"), a.s., a joint-stock
company organized and existing under the laws of the Czech Republic, to
Moravia, who is the majority owner of Trinecke, for a purchase price of U.S.
$29 million. The closing of the transaction is subject to customary closing
conditions and is expected to close within the month.
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Posted In: NewsAsset Sales
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