July 14, 2014
According to the press service of the SCM, on 14 July 2014 the transaction between SCM and Smart-Holding on consolidation of mining assets of two groups in a joint company Metinvest B.V. was completed. At the last stage of the transaction the Smart group contributed to the authorized capital of Metinvest B.V. 100% of the shares of Trosilia Holdings Limited (Cyprus) which indirectly owns 46.15% of the shares of PJSC "Yuzhnyi gorno-obogatitelnyi kombinat" (YuGOK).
May 22, 2014
Russian mining and steel group "Mechel" expects closing the transaction for the sale of PJSC "Donetsk Electro-Metallurgical Plant" (DEMP) until 31 July 2014. On December 7, 2013 the "Mechel" group received an offer from a third party for the sale of DEMP for USD 80 million, according to the website of the US Securities and Exchange Commission.
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).