KIEV, July 15 – System Capital Management (Donetsk), and Smart-holding have announced the completion of the merger of their metal and mining assets under Metinvest B.V. (the Netherlands), the holding company of the Metinvest Group.

The transaction between SCM and Smart-Holding on the merger of their metals and mining assets under jointly managed company Metinvest B.V. was closed on July 14. At the last stage of the transaction, Smart Group contributed 100% of the shares in Trosilia Holdings Limited (Cyprus) to the statutory capital of Metinvest B.V. Trosilia Holdings Limited indirectly owns 46.15% of the shares in public joint-stock company Southern Iron Ore Enrichment Works.