8 Dec 2010 18:03

Severstal to consolidate remaining 6.6% of Crew Gold

MOSCOW. Dec 8 (Interfax) - Shareholders in Canada's Crew Gold approved the sale of the outstanding 6.62% of the shares to Russia's Severstal at an EGM on December 7, Crew said in a statement.

Severstal's Nord Gold will buy the shares for $4.65 a share.

The deal should be closed on December 13, following final court approvals.