Ukraine: Interpipe NTZ profits in 2017

In 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…

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Ukraine: SevGOK, CGOK and InGOK name squeeze-out price

Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…

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Kazakhstan: OECD Steel Committee joined

The OECD Council approved Kazakhstan’s application to join the Organization’s Steel Committee, the press service of the country’s Ministry of Investment and Development reports. “Following the presentation of the preliminary review of Kazakhstan’s steel industry policy, which took place on September 28-29, 2017, the secretariat of the Steel Committee decided to recommend the OECD Council…

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