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SPF returns hryvnias to consortium that first bought Kryvorizhstal
Journal Staff Report

KIEV, Dec. 1 – The State Property Fund closed another chapter on the long Kryvorizhstal privatization story by returning the UAH4.26 bln (about $850 mln) originally paid for the steel mill by the Investment and Metallurgy Union (IMU) after a much-disputed tender last year.

The SPF announced today that it had signed the order returning the funds to the consortium on Nov. 29, days after it had received UAH24.2 bln ($4.84 bln) from Mittal Steel, the steel giant that won the second, and presumably final, tender for the 93% stake, held Oct. 24.




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Currencies (in hryvnias)
  15.12.2017 prev
USD 27.41 27.27
RUR 0.467 0.461
EUR 32.47 32.00

Stock Market
  15.12.2017 prev
PFTS 306.5 306.5
source: PFTS

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