Zaporizhstal held an extraordinary meeting of shareholders.
The only issue discussed was the borrowing of $18 million from the state-owned Ukrgazbank.
The shareholders voted to authorize the CEO of the company Rostislav Shurma to sign a loan agreement with the bank for 5 years with the interest rate of 7%.
Zaporizhstal will pledge its assets valued at 1.1 billion UAH ($39 million).
Ukrgazbank has previously provided a loan of $1 million to Zaporizhstal for the construction of the cleaning facilities. (Ukrainian metal)