Metalloinvest announces intragroup structure optimisation
Moscow, Russia - 25 June 2021 - Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces an optimised ownership structure of its operating assets.
- Moscow, Russia - 25 June 2021 - Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces an optimised ownership structure of its operating assets.
- As a result of a number of intragroup transactions, Holding Company Metalloinvest will gain direct control of Andrey Varichev Mikhailovsky GOK.
- Therefore, Metalloinvest will directly own both mining enterprises, Lebedinsky GOK and Mikhailovsky GOK.
- Nazim Efendiev, CEO of Management Company Metalloinvest, commented:
"We are aligning our organisational structure with the sustainable operational and financial relationships between our enterprises.