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Kiev economic court to proceed with ZALK de-privatization case
Journal Staff Report

KIEV/MOSCOW, Aug. 26 - The Kiev Economic Court will proceed with a case concerning the de-privatization of Zaporizhia Aluminum Combine (ZALK), the country's only aluminum smelter, which is owned by Oleg Deripaska's United Company RUSAL (UC RUSAL).

The new date for the hearing is not yet known.

The Ukrainian State Property Fund said a court of first instance would hear a suit brought by the prosecutor general's office, seeking to sever agreements for the sale of 68.01% of the shares in ZALK for not honoring investment commitments.




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