The Ukrainian Metal

Ukraine: Akhmetov to buy Chasov Yar Refractory Works

The Antimonopoly Committee of Ukraine has started reviewing the case on the purchase by Vesco Limited of Chasov Yar Refractory Works shares (Donetsk region).

As a result of the purchase the company will accumulate more than 50% of shares.

As of Q2, Zaporizhstal owned 24.99% of Chasov Yar Works shares. And the rest belonged to the family of the ex-Party of Regions member Vladislav Lukyanov.

Vesco Limited is a part of System Capital Management of Rinat Akhmetov. (Ukrainian metal)

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