NLMK May Stop Financing La Louviere in December, Interfax Says

Novolipetsk Steel OJSC (NLMK), Russian billionaire Vladimir Lisin’s metals company, may stop financing the Duferco La Louviere SA plant in Belgium this year, Interfax reported, citing an unidentified person from the Russian company.

This decision will be taken if the metal company fails to reach an agreement with La Louviere’s workers on restructuring the plant, Interfax said.

To contact the reporter on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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