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Ukraine’s IUD group completes purchase of Poland’s Huta Czestochowa
Journal Staff Report

KIEV, Oct. 3 – The Industrial Union of Donbas, a major steel group, completed the purchase of Huta Czestochowa, Poland's No. 2 steel company, in the largest overseas acquisition by a Ukrainian company, an official said Monday.

IUD acquired Huta Czestochowa for $381.7 mln in cash and pledged to spend another $82.3 mln over the next three years to upgrade the company, while gaining a foothold in the European Union.




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