Prandicle Ltd. Plans to Buy 32.7% of Zaporozhye Steel Rolling Factory
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Prandicle Ltd. plans to buy 32.6996% shares of the steel producer Zaporozhye Steel Rolling Factory. If the purchase is completed, Prandicle will own 32.6996% of Zaporozhye's shares.
In 2011 the sales of Zaporozhye resulted in a loss of 6.407 million grivnas. Its net income increased 9.8 %, or 13.134 million grivnas, to 146.499 million grivnas in comparison with 2010.
Earlier shareholders of Zaporozhye were the natural persons Konstantin Makarov, who posessed 21.87% of the shares, and Oleg Dubina, the former chairman of the board of the National joint-stock company ''Petrogas of Ukraine,'' who owned 32.69 % of the shares.
Zaporozhye specializes in nails, pipes, wire, metal meshes and the type of wire manufactured by ferrous metals.
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