Zaporizhstal Group completes sale of 50% stake in Zaporizhstal steel mill

Tuesday, 03 August 2010 13:05:16 (GMT+2)

Ukraine's Zaporizhstal Group has completed the sale of a 50 percent stake in Zaporizhstal Integrated Iron & Steel Works, the fifth largest steel mill in Ukraine, to an undisclosed investor, as reported by Rodman & Renshaw, LLC which acted as financial advisor to the group.

"We are very pleased that we were a financial advisor in one of the largest transactions in the steel industry so far in 2010," Rodman & Renshaw CEO Edward Rubin stated.

Rodman & Renshaw, LLC is a subsidiary of Rodman & Renshaw Capital Group, Inc., a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions.

No other details of the deal have been disclosed.

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