Metinvest builds almost 90.4% of shares in Pivnichny Mining

13:52, 21.03.2016 1 min read

Trosilia Holdings Limited (Cuprous), which was included in share capital of Metinvest B.V. (the Netherlands) in July 2014, has transferred its shares in public joint-stock company Pivnichny Mining (Kryvy Rih, Dnipropetrovsk region), in the amount of 15.9679% (370.267 million shares) of share capital, to the parent company Metinvest B. V.

Pivnichny Mining reported information about the transaction under the disclosure system of the National Commission for Securities and the Stock Market, referring to data received on March 17, 2016 from the National Depository of Ukraine that on March 15, 2016 Metinvest increased its stake from 1.865 billion shares (80.4283% of the share capital) to 2.235 billion (96.3961%).

Metinvest acquired shares on the secondary market.

Trosilia Holdings Limited's stake in the company decreased from 15.9679% to nil.

Pivnichny Mining produces iron ore.