31 May 2010 12:06

Zaporizhstal sold to Russian investors led by VEB

KYIV. May 31 (Interfax) - Steel-maker OJSC Zaporizhstal has been sold to a group of Russian investors represented by Vnesheconombank, Ukrainian media reported.

According to the Internet publication Ukrainskaya Pravda, the price tag on the deal was $1.7 billion, with the sellers rejecting an earlier $50 million down payment by the major Ukrainian financial and industrial holding SKM Rinat Akhmetov and agreeing to pay a fine of $50 million for having done so.