Metinvest BV (Netherlands) has obtained a formal approval of the Antimonopoly Committee of Ukraine for acquisition of newly issued shares of the Ilyich Steel, PSC and Mariupol Ilyich Iron and Steel Works, PJSC thereby gaining 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 semiproducts 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. (SteelGuru)
Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/