The Stel Salaried Pensioners Organization wishes to thank The Hamilton Spectator for permission to post the following article published in the November 10, 2004 edition

 

Nov. 10, 2004. 01:09 AM

Bidders at a glance

OAO Severstal

* Annual steel production: 12.5 million tonnes, about three times Stelco's annual output.

* Financials: Made $597 million US in 2003 on sales of about $3.2 billion US. Had more than $1.4 billion in cash on hand as of June 30.

* Employees: About 40,000 unionized workers in steelmaking. Severstal Group has 130,000 who work in steel, automotive, raw materials, transport and insurance businesses.

* Chairman: Alexei Mordashov, 39, is one of the world's richest men with net worth of $4.5 billion US, according to Forbes magazine.

* Parent company: Severstal Group, 15th in capitalization among Russia's largest companies.

Deutsche Bank

* Deutsche Bank was founded in Berlin in 1870 "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries, and overseas markets."

* The bank has the equivalent of $1,300 billion Cdn in assets with more than 65,000 employees operating in 74 countries.

* More than half the bank's staff works outside Germany.

* Deutsche Bank became Europe's largest bank in terms of assets after it acquired U.S.-based Bankers Trust Corporation in 1999.

GMP Capital Corp.

* Toronto-based GMP Capital Corp. is an independent Canadian investment dealer for corporate clients and institutional investors.

* GMP's predecessor, Griffiths McBurney & Partners, was founded in March 1995.

* GMP Capital Corp. went public on Dec. 9, 2003.

* In second quarter results, pretax income was $22.6 million, an increase of 194 per cent from $7.7 million in the same period last year and up 45 per cent from $15.6 million the previous quarter.

Clearwater Equilibrium Investor Group

* Hedge funds Clearwater Capital Management Inc. (Clearwater Capital) and Equilibrium Capital Management Inc. (Equilibrium Capital) announced yesterday they formed an investor group to make a bid for Stelco.

* President Roland Keiper was called the "smartest guy on Bay Street" in a Report on Business Magazine profile.

Spectator wire services and staff