The Ukrainian Metal

Ukraine: Vector Energy to buy half of IFAZ

Vector Energy s.r.o (the Czech Republic) intends to purchase 1.58 million shares of the Ivano-Frankovsk Rebars Works, or 49.99% of the company.

At present the company has no shares of the works.

IFAZ was registered in 1995.

Last year it increased its net income by 77% YoY, to 52 million UAH, having decreased the net loss by 44%, to 38.5 million UAH. (Ukrainian metal)

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