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Altri to spin off steel unit

Wed Apr 16, 2008 10:43pm IST
 
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LISBON, April 16 (Reuters) - Portuguese pulp maker Altri (ALSS.LS: Quote, Profile, Research) will spin off steel unit F. Ramada, offering shareholders one share of the new company for every four Altri shares they own.

Altri said in a statement the spin off would offer greater visibility and market value to its two main business areas. (Reporting by Axel Bugge)

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