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GISMETEO.RU
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Metinvest increase stake in Pivnichniy mining to 100% in 2020: report
Journal Staff Report

KYIV, Feb 16 – Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated mining and metallurgical group, increased its share in Pivnichny mining and processing plant (Kryvy Rih, Dnipropetrovsk region) up to 100% from 96.8% in 2020.

According to the audited consolidated financial results for 2020, released on Tuesday, the section "Financial cash flow" states that the total amount of dividends paid in 2020 was $100 million, "while $50 million was used to acquire a non-controlling interest [3.2% of shares] in the Pivnichny Mining.




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