Metinvest decided to shut down Donetskkoks on the temporarily uncontrolled territory of Ukraine because of the inability to secure its profitable operation. The decision to liquidate the company was taken on March 29. All the shareholders voted in favor. After all the creditors’ claims have been satisfied, the company might have some assets valued at…
Metinvest has supplied 8.7 thousand tons of plate steel for the construction of the Willem van Rubroeck dredger, the most powerful dredger in the world. According to the group statement, the combined power of the vessel engines is almost 41 thousand kW. The ship is being constructed at the Uljanik shipyard in Croatia for Jan…
In January Metinvest EBITDA decreased by 9.2% MoM, to $228 million, while revenue grew by 10.3%, to $1009 million. As of January 31, the group consolidated debt amounted to $3.095 billion. The company produced 553 thousand tons of semi-finished products valued at $240 million: 289 thousand tons of pig iron at $106 million, 104 thousand…
Metinvest works on the Ukraine-uncontrolled territory, that were seized in March 2017, last year increased losses 10-fold YoY, to $352 million. According to the group, as of March 15, 2017, the cost of assets of Yenakievo Iron and Steel Works, Metalen, Makeevka Iron and Steel Works, Krasnodonugol, Khartsyzsk Pipe Works, Komsomolskoye Ore Group and Donetskkoks…
Central Mining and Processing Works has preliminary approved major deals for this year, in particular, loan agreements, bonds issue, etc. under Metinvest B.V. financing valued at $8 billion. Earlier, on March 14, Ingulets Mining and Processing Works had an extraordinary shareholders meeting with the similar agenda. Azovstal and Avdiivka Coke and Chemical Works will hold…
Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…
Metinvest intends to acquire Unisteel LLC, the producer of cold-rolled galvanized metal. Metinvest-SMC LLC has already filed a corresponding request to the Antimonopoly Committee. As the result of the purchase the Metinvest-SMC share in Unisteel will exceed 50%. Unisteel with the capacity of 100 thousand tons of galvanized metal per year was constructed in 2007-2010.…
In December 2017 Metinvest increased its EBITDA by 28.1% MoM, to $251 million, with revenue up by 5.7%, to $915 million. As of December 31, 2017 the group combined debt was $3.017 billion. In December 2017 Metinvest sold 465 thousand tons of semi-finished products valued at $194 million: 232 thousand tons of pig iron billets…