March 11, 2014
The European Commission has granted Metinvest B.V. (the Netherlands) with a permit to acquire 100% of the stake in the company Trosilia Holdings Ltd (Cyprus) and to establish indirect control over 46.15% of the shares of PJSC "Yuzhnyi Gorno-Obogatitelnyi Kombinat" (YuGOK, Krivoy Rog, Dnepropetrovsk region).
Currently Smart Group (PJSC "Smart-Holding", Kiev) owns Trosilia Holdings Ltd. The remaining shares (50%) of YuGOK belong to Lanebrook Ltd. (Cyprus), which is the majority shareholder of Evraz Group (Russian Federation).
The agreement to purchase about 50% of the shares in YuGOK by "Metinvest" from "Smart Holding" was reached in September 2007, when the SCM and "Smart-Holding" decided to expand cooperation in the field of mining and metallurgical business and to unite the respective assets under "Metinvest" group.
YuGOK is one of the largest manufacturers of concentrate and agglomerate in Ukraine.