final buyers 50% 2 shares of the Ukrainian corporation "Industrial union of Donbass" (IUD, Donetsk), perhaps the shareholders of Evraz Group, said in a survey of analysts UniCredit.
"We believe that Alexander Katunin (owner of Swiss trader Carbofer, former co-owner of Evraz, is leading a consortium to buy ISD) and its partners are the intermediaries in this transaction, given its size - write analysts. - Possible final buyers in control Ukrainian holding is Evraz or its shareholders.
Analysts estimate the company"s value at $ 5.7 billion, representing a substantial amount for Evraz, whose net debt is already $ 7.3 billion, while net debt ISD - $ 3 billion
Evraz or its shareholders to agree on a purchase option to buy control of ISD at Katunina in the future, analysts say. The transaction would be beneficial Evraz, which already owns a number of metallurgical assets in Ukraine.
Meanwhile, Vice President of Public Relations Evraz Alex Agureev the question, "Interfax news agency on the possible involvement of structures in the transaction by ISD only noted that" this information we are not interested. "
As reported, ISD buys Katunin together with a group of financial investors, with the participation of Vnesheconombank (VEB). The owners of the 49.99% shares of ISD remain current shareholders - Sergei Taruta and Oleg Mkrtchyan. Of the shareholders in the transaction will Adviser to the Prime Minister of Ukraine Vitaliy Haiduk, who, according to unofficial data, owns 20% of the company.
corporate vice president of ISD Alexander Pilipenko, responding to agency "Interfax-Ukraine" on the resolution of the antimonopoly authorities of Ukraine and the EU, said the deal to acquire controlling stake in a corporation shall not require approval of antitrust authorities in Ukraine and abroad.
"None of the buyers will own such shares, which includes approval by competition authorities - is a group of investors, and a majority does not belong to a single buyer. Therefore, to obtain a permit in the antitrust authorities is not required", - explained Pilipenko.
According to the Financial Times, the deal could be completed before the end of January, and its price will correspond to assess IUD in it at about $ 2 billion newspaper notes that the IUD is fighting for the restructuring of more than $ 3 billion in debt in a reduced demand. Another factor that may lead to a transaction, FT calls the upcoming presidential elections in Ukraine. According to the publication, before the end of 2010 can be sold to the remaining 49%.
Earlier
merger talks with IUD were Russia"s companies - Evraz Group and Metalloinvest.
In Metalloinvest declined to comment on the possible participation in the transaction.
ISD was founded in 1995. Is an integrated holdic6dng company that owns stakes in companies mining and metallurgical complex. The corporation consists of Alchevsk Metallurgical Combine, Dnieper Metallurgical Combine them. Dzerzhinsky Steel Dunaferr (Hungary) and ISD - Huta Czestochowa (Poland). According to the international analytical agency "Metal Bulletin (London, UK) in 2008, the ISD was among the 30 largest steel producers in the world with the rate of more than 10 million tons of steel per year.
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