Donetskstal and Euro Finance pretend to DEMZ
Edited by Anonymous / 2013-04-02 09:31:44
Russian Mechel Group is going to sell Donetsk electrometallurgical plant (DEMZ). There are two pretenders – Donetskstal and Euro Finance. Experts assess the possible transaction in $150-250 million, however, both pretenders are trying to reduce the price.
Yesterday the Chairman of Donetsk regional administration Andrei Shishatsky reported, the selling of DEMZ can be completed in the nearest future. He said, Ukrainian electrometallurgical companies having scrap-collecting business pretend to the asset. “The negotiations have started. If the transaction is concluded, the major part of the team will remain”, Shishatsky said.
