The Ukrainian steel producer Metinvest Holding (Metinvest) and Kremikovtsi, the Bulgarian subsidiary of Global Steel Holding Ltd. (GSHL), have both refuted the rumor that the companies are negotiating the sale of Kremikovtsi to Metinvest, which has appeared in the market early this week as a result of publication in a Bulgarian newspaper.
In an official press release on the issue, Kremikovtsi has stated that GSHL president and Kremikovtsi's owner Pramod Mittal has not met with Metinvest's owner Rinat Ahmetov, adding that negotiations for the sale of the mill are not being conducted.
Meanwhile, a Metinvest spokesperson has emphasized that, like any other large company, Metinvest is constantly searching for an opening of opportunity to acquire new production facilities both in Ukraine and outside the country. Regarding the specific issue of possible sale negotiations with Kremikovtsi, the company said it would not comment on a hypothetical deal.