Ukrainian Journal reported that Kiev based Smart Holding plans to challenge in court the results of the privatization of OJSC Kryvorizhstal, the largest mining and Metals Company in Ukraine a 93.02% stake in which was bought by Mittal Steel Germany at an open tender held on October 24th 2005.
According to the report, the mill was sold for UAH 24.2 billion with an initial price of UAH 10 billion and the mill was renamed Mittal Steel Kryviy Rih and later ArcelorMittal Kryviy Rih. (Ukrainian Journal)