Bloomberg reported that A1 an investment company that part of Russian billionaire Mr Mikhail Fridman Alfa Group may take control of OOO Estar Holding’s Donetsk steel mill in the Ukraine within days.
Ms Irina Ramazanova spokeswoman for ZAO Donetsky Electrometallurgical Plant said A1 appointed three managers to run the mill.
Kommersant reported the ownership of the plant will change after Estar founder Mr Vadim Varshavsky and his partners failed to repay a loan from Alfa Bank of almost USD 1 billion. (Bloomberg)