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Severstal Gold Valuated

Severstal Gold, a unit of Russia’s largest steelmaker, is worth as much as $3.6 billion based on production and earnings estimates compared with peers, Nomura said Thursday.

A  presentation by Severstal Gold   “may indicate the company has started some pre-IPO investor education,” analysts Vladimir Zhukov and Valentina Bogomolova said.  


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