November 20, 2008

Esmark shares to be de listed after sale to Severstal

According to regulatory filings, Esmark Inc shares will stop being publicly traded once the steel maker's buyout by Russian conglomerate OAO Severstal is complete.

According to documents filed this week with the US Securities and Exchange Commission, when Severstal's purchase is finalized. Esmark shares will be delisted.

Esmark trades on the NASDAQ stock exchange under the symbol ESMK.

Mr Gregory Mason an US citizen based in Russia will become president of the new subsidiary. He has been COO of Severstal and CEO of Severstal International since 2004.