12 April 2011 // Press centre Metinvest Group
Metinvest B.V.(“the Company”), a parent company of the international vertically integrated mining and steel group of companies, today announced that it has entered into a US$ 100 million 3-year pre-export credit facility arranged by UniCredit.
The credit facility will be used for working capital purposes and investment project financing, in line with the Company’s long-term strategy.
- Editorial notice and contact details:
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METINVEST GROUP 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. Metinvest Group is structured into three operating divisions: Coke and Coal Division, Iron ore Division, Steel and Rolled Products Division and has a strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns at above the industry benchmarks. The major shareholders of Metinvest B.V. are SCM Group (75% ownership) and Smart-Holding (25% ownership) partnering in Company’s management.
METINVEST B.V. is the parent company of Metinvest Group.
For further information
Investor contact:
Andriy Bondarenko
Corporate Finance
+38 062 388 16 24
ir@metinvestholding.comMedia contact:
Ivan Shmidik
Public Relations
+ 38 062 388 16 80
pr@metinvestholding.com