93.02 percent stake in Ukraine's leading steelmaker Krivorozhstal has been returned to the state, the country's state property fund has told RBC.
As reported earlier, the Kiev business court voided privatization of Ukrainian's largest steel mill on April 22. On June 2, a court of appeal confirmed this decision. Investment Metallurgy Union, the consortium that had privatized the stake, challenged this ruling in the supreme business court.
The Ukrainian government may make the final decision on the procedures for Krivorozhstal's re-privatization on June 18.
As reported earlier, the Kiev business court voided privatization of Ukrainian's largest steel mill on April 22. On June 2, a court of appeal confirmed this decision. Investment Metallurgy Union, the consortium that had privatized the stake, challenged this ruling in the supreme business court.
The Ukrainian government may make the final decision on the procedures for Krivorozhstal's re-privatization on June 18.
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