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GISMETEO.RU
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Akhmetov consolidates assets to create $15 bln mining, steel giant
Journal Staff Report

KIEV, June 7 - Rinat Akhmetov, Ukraine’s wealthiest businessman, moved to consolidate his mining and steel making assets to create the largest privately-owned company in the country with an estimated capitalization of about $15 billion.

Metinvest, as the company is known, will have $10 billion in annual revenue, dwarfing its nearest steel sector competitor, Mittal Steel Kryviy Rih, whose revenue was reported at $1.2 billion in 2005.




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