Russia will get one of the largest Ukrainian metal traders

Russia will get one of the largest Ukrainian metal traders

Industrial Union of Donbass (ISD) sells Russian group "Magnesite" controlling stake of one of the largest metal traders of the country - Ukrainian mining and metallurgical company.

This decision is explained by the desire of ISD co-founder Vitaliy Haiduk to go out of business, says "Kommersant-Ukraine". In the Antimonopoly Committee reported on authorization by Trotio Holdings Limited (part of the Russian group "Magnesite") to purchase over 50% of the shares of "Ukrainian Mining and Metallurgical Company" (UMMC). Officially the parties don't comment this information but a source conversant with the terms of the deal, says that it concerns 50% +2 shares of UMMC.

The interviewer said that the deal, value of which is not disclosed, is concerned with the release of Vitaly Haiduk from the shareholders of ISD.

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