Mechel OAO, a Russian-based mining and metals company, has announced the acquisition of the Laminorul Braila metallurgical plant located in Romania. On 25 February 2010, Mechel acquired 100% of the shares of Donau Commodities SRL, which holds 90.9% of the shares of Laminorul SA (Laminorul Braila), a steel plant located in Braila, Romania, for a consideration of EUR 9.4 million subject to a final price adjustment. The final price adjustment is expected to be agreed by the end of April 2010. On 19 April 2010, the Romanian Competition Council approved the transaction. The Laminorul Braila plant is located in the SE Romania on the left side of Danube River in close proximity to Braila ports. The ports’ facilities allow for embarkation onto ships with cargo capacity of up to 5 thousand tonnes. Constantsa international port (Black Sea) is also located nearby. The plant’s main production facilities include two rolling mills with total capacity of over than 380 thousand tns/yr. Rolling mills manufacture structural shapes of different types: beams, channel bars, equal and unequal angles for industrial, civil and machinery construction. This is the only plant in Romania manufacturing special profile (bulb bar) which is used in shipbuilding.