Metinvest will withdraw backwards from stagnation

Mining and Metallurgical Group Metinvest, as a result of the implementation of an option for a ransom of 50% in the mining and metallurgical business of the industrial group, was acquired by 50% of the shares of the Zaporizhstal plant. In July 2011, the industrial group provided Metinvest with an option to acquire the remaining 50% of the group mining and metallurgical business.

According to experts, the control of the Metinvest holding over Zaporizhstalu should bring the plant to a modern level of production. Investment in the modernization of the enterprise will allow Zaporizhstal to overcome losses (125 million hryvnias for 2011).

Products "Zaporizhstal" are in demand in many countries of the world. If Metinvest can reduce the cost of the plant’s products, then in the near future its position will change for the better.