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Metinvest concentrates 100% of shares in Severny GOK

Mining industry / Ukraine

The plant specializes in the extraction, processing and production of iron ore raw materials.

Metinvest concentrates 100% of shares in Severny GOK

Metinvest B.V. (Netherlands), the parent company of the international vertically integrated mining and metallurgical group Metinvest, in 2020 increased its share in PrJSC Severny Ore Mining and Processing Plant (SevGOK, Krivoy Rog, Dnipropetrovsk region) to 100% from 96 , 8%.

According to the audited consolidated financial results for 2020, published on Tuesday, in the section "Financial cash flow " it is stated that the total amount of dividends paid in 2020 was $ 100 million, "while $ 50 million was spent on acquiring a non-controlling interest participation (3.2% of shares - IF) in the Northern GOK ".

At the same time, the report does not specify from whom the shares were purchased.

According to NDU data for the fourth quarter of 2020, owned by Metinvest B.V. there were 2 billion 245 million 403.837 thousand ordinary registered shares, or 96.8336% of the authorized capital.

SevGOK at the end of 2019, according to the annual report, reduced its net profit by 2.6% compared to 2018 - to 7 billion 994.978 million UAH, pre-tax profit by 3%, to 9 billion 592.031 million UAH. At the same time, net income increased by 9.1%, to UAH 28 billion 472.960 million. Retained earnings by the end of 2019 amounted to UAH 32 billion 604.593 million.

The plant specializes in the extraction, processing and production of iron ore raw materials.

SevGOK is part of the Metinvest group, the main shareholders of which are PJSC System Capital Management (SCM, Donetsk) (71.24%) and the Smart Holding group of companies (23.76 %).

The management company of the "Metinvest " group is "Metinvest Holding " LLC.

The authorized capital of SevGOK is UAH 579.707 million, the par value of 1 share is UAH 0.25.

МЕТАЛЛУРГПРОМ
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