Ukraine’s richest man Rinat Akhmetov speaks to workers at MMK Ilyich steel plant, along with its director Volodymyr Boyko, on July 2.
Akhmetov’s Metinvest agreed to take a 75 percent stake in the top-three steelmaker after a large share capital increase.
Analysts at Dragon Capital investment bank say the deal represents a 92 percent discount on Ilyich’s current market price. Akhmetov pledged to invest $2 billion in the plant, which had long struggled to secure raw material supplies and value-added tax refunds.
