Ukraine: Metinvest shares crash
Ukrainian stock exchange trades on November 16, ended with a sharp fall of Metinvest shares.
Ukrainian stock exchange trades on November 16, ended with a sharp fall of Metinvest shares.
In November all Metinvest companies have been excluded from the automatic VAT reimbursement.
The state debt to the Metinvest companies increased in October by 13.1%, from 2.06 billion to 2.33 billion UAH.
Metinvest Group is gearing up to constructing a steel service center in Italy, where it already owns re-rolling facilities for production of flat steel. Operations will start in spring 2016. The service center will conduct several activities, including mechanical surface treatment of steel for painting, preparation for welding, etc.
In 2014-2015 the largest Ukrainian private mining-metallurgical group Metinvest went through the hoops of military activities in the East, but it still carries on modernization of its companies and lends a helping hand in rebuilding the destroyed infrastructure of the region.
Metinvest decided to buy spare parts for 7 locomotives belonging to Ukrzaliznytsya (Ukrainian Railways) to serve on the Kamysh-Zarya – Volnovakha line, where the company transports most of its products.
Metinvest has finished repairing the railroad bridge over river Kalchik. The bridge, that connected Mariupol Ilyich and Azovstal Iron and Steel Works with the ports, was blown on December 23, 2014.
The largest Ukrainian private mining-metallurgical group Metinvest has started negotiations with its creditors as to the debt restructuring with possible variants in mind (change of the payment schedule, capitalization, some debt adjustment, etc.).