“Severstal has closed a deal for the sale of “Dneprometiz” in Ukraine

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.

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