Krivorozstal
Kryvorizhstal () â€"
Ukrainian metallurgical complex - belongs almost compltely to international company "
Mittal Steel". The complex located in the city of
Kryvyi Rih is the largerst flat steel producer in the former
Soviet Union. Kryvorozhstal shipped 7.08 million metric tons of steel in
2004 and employs almost 57.000 workers (
2005).
Privatization
Kryvorozhstal became known outside of Ukraine in 2004. "
Investment Metallurgical Union" payed USD 800 M for 93.02% of the complex, belonging to the state, in a
tender by Ukrainian State Propertyпроведённым. The price was only 12% above the initially announced one (USD 714 M).
"
Investment Metallurgical Union" belonged to "
System Capital Management", a company of a Ukrainian billionaire Rinat Akhmetov and to
Interpipe, a company of Viktor Pinchuk, a brother-in-law of
Leonid Kuchma the president of Ukraine at that moment.
International companies agreed to pay much more, but were disqualified because of formal reasons.
The state annulled the results of the tender under the new Ukraine's president
Viktor Uschenko in June 2004 with the intention to resell the complex in an open tender.
International company "
Mittal Steel" won the tender for 93.08% of Krivorizhstal for USD 4.8 B. The sum was almost twice the expected. The tender was shown in a live broadcas on Ukrainial TV.
Links to related Wikipedia pages
List of steel producersUkraineDnipropetrovsk OblastKryvyi Rih
