MOSCOW, April 9 - RAPSI. The Sverdlovsk Region Commercial Court has dismissed a lawsuit filed by an iron works' shareholder to cancel loan contracts with Novolipetsk Steel (NLMK) worth $645 million.
The plaintiff sought to invalidate 22 loan contracts signed in 2010 between NLMK and Nizhneserginsky hardware plant.
The plant is the core enterprise of one of NLMKs divisions. It joined the NLMK Group in 2008.
The court earlier agreed with the plant to involve Maxi-Group as an intervener in the case. In its request the plant explained that Maxi-Group owns 35.5 percent of its voting shares.