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SPF to conduct audit of ArcelorMittal commitment compliance
Journal Staff Report

KIEV, May 13 – The State Property Fund said that this month it will audit the fulfillment of the investment commitments ArcelorMittal Kryviy Rih (earlier Kryvorizhstal, Dnipropetrovsk region), for 2012.

The report says that the audit will be conducted from May 20 to May 23.

The fund will check the fulfillment of the conditions of the sale and purchase agreement by the investor, which bought a stake in Kryvorizhstal on October 28, 2005.

"If infringements of the conditions of the agreement are established, the fund will take all measures foreseen in Ukrainian law for their removal," reads the press release.




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