9 March 2011 // Press-centre Metinvest Group
Metinvest (“the Company”), the international vertically integrated mining and steel group of companies, is pleased to announce that it has secured a US$ 175 million 3-year amortized stand-by credit line from Sberbank of Russia.
The credit facility will be used to support Metinvest’s ongoing asset modernization and for general corporate purposes. As at the date of this press release, Metinvest has not drawn any amounts under this facility.
- Editorial notice and contact details:
Metinvest is an international vertically integrated mining and steel group of companies, operating assets in each link of the production chain from iron ore and coal mining and coke production, through to semi-finished and finished steel production, pipe rolling and coil production and production of other value-added products. The Group comprises mining and steel production facilities located in Ukraine, Europe and the USA and has a sales network covering all key global markets. The major shareholders of Metinvest are SCM Group (75% ownership) and Smart-Holding (25% ownership) partnering in Company’s management.
METINVEST HOLDING, LLC is the managing company of Metinvest Group.
For further information
+38 062 388 16 24
+ 38 062 388 16 80