February 8, 2012 Yalta Mountain Forest Reserve February 3, 2012 Ukraine Enhances Efforts to Diversify Its Energy Sector


	2012 February January 2011 2010 2009 2008 2007 1996



	Featured Stories Yalta Mountain Forest Reserve Ukraine Enhances Efforts to Diversify Its Energy Sector Experience Winter Wonderland in Kyiv



	Featured Photos Winter Wonderland in Kyiv Mamaieva Sloboda Ukrainian Christmas



	Featured Videos A Charitable Marathon in Lviv Lviv Arena Chrysanthemums in Kyiv



	Tags investment Ukraine steel industry economy Kuwait shipping Crimea vacation politics trade services real estate partnership UAE grain FDI agriculture diplomatic relations industry export EBRD lending IMF cooperation Qatar grain quotas Energy Community tourism WTO niter cargo grain export reforms taxation Jordan Libya grain harvest oil gas NAK Naftogas visa car industry transportation wheat other Saudi Arabia stock market barley weapon gas transport system education import Bahrain Euro-2012 sugar industry World Economic Forum aircraft building metallurgy oil industry Syria carbamide natural gas insurance investing climate vehicles air transport Koran conference winter crops turnover banking sector building sector precious metals jewelry rye land market grain market Communications Market infrastructure election livestock World Bank finance metal soybean coal industry sunseed sunoil mining industry alternative energy Oman cast iron Odessa money nuclear energy Swallow's Nest harvest Kamianets-Podilskiy Fitch credit ratings Kazantip Sofia Park nature Pyrohovo museum Koktebel festival coal Lviv sonflower oil grain sector renewable energy business climate steel energy museums places of interest gas production winter Kyiv Yalta

Zaporizhzhya metallurgy enterprise purchased by Russian investors

June 1, 2010

The Zaporizhzhya-based open joint-stock company Zaporizhstal metallurgic enterprise has been sold to a group of Russian investors. The transaction price was 1.7bn dollars.

Zaporizhstal initially signed a protocol of intent with state-owned Vneshekonombank, which offered 1.2bn dollars for the Ukrainian metals plant, but System Capital Management, which is owned by Rinat Akhmetov, made a better offer.

The Ukrainian buyer had concluded a sale and purchase contract within the framework of which the advance payment was transferred, but Russian investors offered a higher sum. In the meantime, SCM lawyers filed an appeal to a London court which sequestrated Zaporizhstal shares until the case is considered in its essence, the Ukrayinska Pravda site reports.

An informed source on the market has confirmed that a group of Russian investors has got closest to purchasing Zaporizhstal, and admitted that the final buyers will be the same entities that purchased 50 per cent plus two shares in the Ukrainian Industrial Union of Donbass corporation in late 2009 – early 2010.

At that time it was officially announced that a consortium of investors headed by Aleksandr Katunin (owner of trader Swiss Carbofer and former co-owner of Evraz) had become the new owner of controlling stock with the financial support of Russia’s Vneshekonombank (VEB), Interfax reports.

Tags: metallurgy