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Kryvorizhstal went to the Germans

October 24 2005

The winner of the auction held today to sell 93.02% stake in Kryvorizhstal: he became a German company Mittal Steel Germany GmbH, has offered 24.2 billion hryvnia, or 4.79 billion dollars.

In addition to the winning companies participated in the contest has two contenders: LLC Smart Group "(Dnepropetrovsk) and the Consortium" Industrial Group "formed by the European Arcelor and the corporation Industrial Union of Donbass".

The starting price was 10 billion hryvnia. (2 billion), the minimal step of the auction - 100 million hryvnia (about $ 20 million). During the auction the price goes up 78 times. After the turn of 17.7 billion hryvnia from the fight refused LLC Smart Group.

At the auctions in the State Property Fund, in the commission of the biggest privatization sale in the history of Ukraine, attended by President Viktor Yushchenko, Prime Minister Yuriy Yekhanurov and his predecessor, Yulia Tymoshenko.

As it became known, the head of the State Property Fund Valentina Semeniuk, resigned. On Friday Semeniuk ill and is currently in the clinic Feofaniya because of problems with blood pressure. Previously, the political council of the Socialist Party recommended that Semeniuk to resign in protest against the sale of Kryvorizhstal, reported Interfax .

Recall that Krivorozhstal - the largest metallurgical plant in Ukraine.

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