18 August 2010 // Press centre Metinvest Group
Metinvest B.V. (Netherlands) obtained formal approval of Antimonopoly Committee of Ukraine for acquisition of newly issued shares of the PSC “ILYICH STELL” and PJSC “ILYICH IRON AND STEEL WORKS” thereby granting more than 50% voting rights in managerial bodies of aforementioned companies.
This is another important step Metinvest BV has taken towards integration with Ilyich.
Metinvest is an international vertically integrated mining and steel group of companies. Production facilities of Metinvest allow not only to fully meet its own demand for raw materials, liquid steel and semis but also to supply them to major steelmaking companies in Ukraine, Europe and Asia. The major shareholders of Metinvest are SCM Group (75% ownership) and Smart-Holding (25% ownership) partnering in Metinvest Group management.
METINVEST HOLDING, LLC is the managing company of Metinvest Group.