HomeEconomySpanish Windar has sold...

Spanish Windar has sold a stake in a joint venture with Russian Severstal

Photo: windar-renovables.com

According to the state register, Severstal owns 100% of the shares of New Solutions and Technologies held since April 8.

Russian steel manufacturer Severstal acquired an LLC company New solutions and technologies, which controls a majority stake in the joint venture previously owned by Spanish firm Windar Renovables. Reuters wrote this on Tuesday, April 16.

The Spanish company is investigating the possibility of selling its 51% stake in the joint venture Severstal from March 2023. Windar Renovables exited the joint venture in December 2023.

According to the state registry, Severstal owns 100% of the holding’s shares since April 8.

Windar entered the Russian market in 2018, creating a joint venture with Severstal and a state nanotechnology company Russian for the production of steel towers for wind turbines. In 2021 Severstal bought the share Russianincreasing itself to 49%.

New solutions and technologies in Taganrog can produce up to 150 towers per year.

It was previously reported that the Kremlin continues to confiscate large enterprises of the Russian economy with subsequent nationalization or transfer to the control of businessmen close to the government. So, President Vladimir Putin signed a decree transferring the company’s assets under state control Agroterraone of the top 15 largest landowners in the country.

The number of billionaires in Russia has risen to a record level
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

5 K-pop groups that produce their own music

Check out some groups that, like BTS, are responsible for producing their own musicIn the world of music, it is common for many artists to sing tracks created by producers and composers specialized in the subject. Likewise, there are singers who decide to give a more...

Fortaleza provides free rectification of documents for trans people

Registration can be made via an online form or in person at the LGBT+ Reference CenterThe Janaína Dutra LGBT+ Reference Center, of the City of Fortaleza (CE), is one of the places for in-person registrations in Mutirão Transforma, an initiative of the Public Defender's Office of the...

5 Disney characters who made their wishes come true

With a lot of work or requests made to stars and geniuses; discover which Disney characters were able to make your wishes come trueWish fulfillment has always been a recurring theme in Disney animations. So much so, that the animation that celebrates the studio's one...

The Cabinet of Ministers excluded cannabis from the list of hard drugs.

The Cabinet of Ministers of Ukraine has excluded cannabis from the list of hard drugs. Corresponding changes have been made to the list of narcotic drugs, psychotropic substances and precursors, approved by Resolution of the Cabinet of Ministers of Ukraine No. 770 of May 6, 2000 .in_text_content_22...

Former head of the State Fiscal Service Nasirov released on bail

A bail of UAH 55 million was posted for the former chairman of the State Fiscal Service, Roman Nasirov. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . The press service of the High Anti-Corruption Court...