KIEV, Dec. 8 - Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated mining and metal group, on December 1 signed a “standstill agreement“ with banks and other creditors allowing it until January 31, 2016 to avoid default.

According to a trading update for the nine months ended September 30, 2015 published by the company on Monday, early 2015 Metinvest started negotiations on the restructuring of its debt with banks and holders of its notes due in 2015, 2017 and 2018.