Couldn’t cope with specifics of business in the Ukraine, Mechel sells Ukrainian metallurgic plant for 2000 euro
Edited by Rhod Mackenzie / 2013-08-21 01:22:56
One of the largest Russian mining and metallurgic Russian companies Mechel reported signing of Donetsk electrometallurgic plant sale and purchase contract with the owner of the Russian company Estar, doctor of economic sciences, businessman and Deputy of several Dumas Vadim Varshavsky.
The price of 100% of Daveze Limited’s shares, which, in turn, owns 100% of DEMZ’s shares, made up symbolic 2000 euro. According to the signed contract, Varshavsky took over liabilities to pay the DEMZ’s debt to Mechel in the amount of $81 million.
