Moscow. 27 Oct. INTERFAX, Severstal has sold the Ukrainian company PJSC “Dneprometiz”.
As they say in the message “Severstal”, the company’s subsidiary Cambay Services Ltd has completed the sale of 100% of the shares Dealzone Holding Ltd, which owns 98.6% of the Ukrainian PJSC “Dneprometiz”. The terms of the transaction, the company was not disclosed.
“Selling “Dneprometiz” will allow to further enhance the effectiveness of the group “Severstal-metiz” and the growth of profitability of the company “Severstal” as a whole”, – said the press service.
Severstal acquired 60% of shares of “Dneprometiz” in 2006. Subsequently, its share in the Ukrainian company was increased to 98.6%.
“Dneprometiz” demonstrates high capacity utilization and stable financial performance. At the same time, Russian companies Severstal, the plant operational is not associated”, – stated in the message.