PJSC Magnitogorsk Iron and Steel Works: MMK announces a change in the ownership structure of its stock
PJSC Magnitogorsk Iron and Steel Works: MMK announces a change in the ownership structure of its stock
- PJSC Magnitogorsk Iron and Steel Works: MMK announces a change in the ownership structure of its stock
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. - PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK), one of the world's largest steel producers, announces that on 3 March 2022 MMK received a notice of a change in its shareholder structure.
- The ultimate beneficiary of both companies is Victor Rashnikov, Chairman of the Board of Directors of PJSC MMK.
- In 2021, MMK produced 13.6 mln tonnes of crude steel and sold 12.5 mln tonnes of commercial steel products.