Metinvest consolidated mining and metallurgical assets of SCM and smart

Today it became known that SKM and Smart companies transferred the shares of the five largest mining and metallurgical enterprises belonging to Metinvest. This was reported by the press service of Metinvest.

In particular, the possession of Metinvest B.V. As part of the business restructuring program, 23.5 percent of the shares of PJSC “Central Mining and Processing Plant” (“Central GOK”), 15.0 percent of the shares of PJSC Northern Mining and Processing Plant (North GOK), 26.0 percent of the shares of PJSC Zaporozhokox (Zaporizhkoks) and 31.3 percent of the shares of PJSC PJSC "Donetskox" ("Donetskokox"). Also, the Smart group handed Metinvest 3.1 percent of the shares of PJSC "Inguletsky Mining and Processing Plant" ("Inguletsky GOK").

From now on, Metinvest consolidated 99.5 percent of the authorized capital of the central GOK, 78.3 percent of the authorized capital of Northern GOK, 85.6 percent of the authorized capital of Ingulent GOK, 51 percent of the authorized capital of Zaporizhcox and 69.9 percent of the authorized capital of Donetskokox.

Consolidation of assets in one company will increase the efficiency and transparency of business management by the Metinvest group.