Metinvest receives permit from Serbian authority to buy Evraz Dniprodzerzhynsky Coke and Chemical Plant

Private limited company Metinvest B. V. (the Netherlands), the parent company of international vertically integrated mining and metal group Metinvest, has received a permit to acquire public joint-stock company Evraz Dniprodzerzhynsky Coke and Chemical Plant (Dnipropetrovsk region) from the Commission for the Protection of Competition of Serbia.

According to the commission, the permit was given to Metinvest B.V. to gain control over 94.5536% in Evraz Dniprodzerzhynsky Coke and Chemical Plant on December 8, 2014.

As reported, Metinvest Head Yuriy Ryzhenkov said in August that the Metinvest international vertically integrated metal and mining group continues talks with Russia's Evraz Group on the acquisition of public joint-stock company Evraz-Dniprodzerzhynsky Coke and Chemical Plant.

Metinvest is a vertically integrated group of mining companies that manages assets in every link of the production chain, from iron ore and coke production to semi-finished and finished steel products and rolled metal piping, as well as the production of other goods with highly added value. Metinvest's main shareholders are System Capital Management (71.25%) and Smart Holding (23.75%), which jointly manage the company.

LLC Metinvest Holding is the managing company of the Metinvest group.

Evraz earlier acquired from Lanebrook the Ukrainian Sukha Balka mining and processing complex (99.25% of shares), the Petrovsky Metallurgical Plant of Dnepropetrovsk (95.57%), the Bahliykoks Coke and Chemical Plant (93.74%), Dniprokoks (98.65%) and the Dniproprodzerzhinsky Coke and Chemical Plant (93.83%), all of which previously belonged to the Privat group.