After the Russian group of investors headed by a former shareholder of Evraz Alexander Katunin acquired a controlling stake in the Ukrainian metallurgical company "Industrial Union of Donbass (ISD), until the end of the year may be sold and the remaining 49.99% stake in DIS.
It is reported by Russia"s edition of Kommersant, citing its own sources close to the deal. Same information has and the newspaper The Financial Times. While the remainder of the package belongs to current shareholders Sergei Taruta and Oleg Mkrtchyan, while one of the founders of the ISD, Adviser to the Prime Minister of Ukraine Yulia Tymoshenko Vitaliy Haiduk, resigned from the shareholders.
As the Kommersant, end-buyers of the company will become shareholders of Russian Metalloinvest (in particular, co-owner of Metalloinvest Alisher Usmanov) and Evraz Group, which has previously attempted to absorb the ISD. Sam Alexander Katunin declined to give buyers ISD, saying only that among them "there are two major".
According to sources, publications, talks were held at the highest level: a transaction supervised by Russia"s Prime Minister Vladimir Putin personally. A director of the Kiev Institute of Global Strategies Vadim Karasev believes that Yulia Tymoshenko could have facilitated the implementation of the transaction, a guarantee ISD. However, according to Karasev, herself a deal for the upcoming elections have no direct relationship.
However analysts say the deal profitable for Russian buyers. Most likely, the Ukrainian assets subject to a substantial and long, went to the Russians at a discount, said Kommersant. In addition, the transaction is beneficial to Evraz, so as to strengthen the presence of the holding in Ukraine, believes Olga Okunev from Deutsche Bank. We already have a holding Ukrainian assets: in late 2007, Evraz acquired a number of metallurgical plants Privat Group.
Plants ISD geographically close to European consumers, which will allow Evraz to reduce export costs, adds Denis Nushtaev of the Metropole Hotel. And Russia"s largest producer of iron ore Metalloinvest may obtain new large customers, said analyst KBC Securities Ukraine Konstantin Golovko: before the main supplier of ore ISD was the Ukrainian team Metinvest Rinat Akhmetov.
ISD was founded in 1995, The Corporation includes Alchevsk Metallurgical Combine and Dnieper Metallurgical Plant named after Dzerzhinsky in Ukraine, Dunaferr plant in Hungary and the ISD-Huta Czestochowa in Poland. The volume of steel production in 2008 amounted to 9,9 million tons.
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