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SPF, ArcelorMittal update Kryvorizhstal privatization agreement
Journal Staff Report

KIEV, Oct. 4 - Ukraine's State Property Fund and ArcelorMittal have signed an updated agreement to fulfill the investment obligations that the steel major assumed when it bought 93.02% of Kryvorizhstal in 2005, but which were amended in 2009 due to the economic crisis.

ArcelorMittal Duisburg GmbH and the Property Fund on Monday signed an amendment to the sale and purchase agreement (SPA) for the Kryvorizhstal stake, the Ukrainian company, now known as ArcelorMittal Kryviy Rih, announced.




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