According to local media reports, the Ukrainian company Smart Group, a part of Rinat Akhmetov's Metinvest Holding, which is considered to be the main bidder for the purchase of the insolvent Bulgarian steel mill Kremikovtzi, intends to invest about €200 million in the expansion of the mill.
The investment plan, which is expected to be presented today to Bulgaria's Ministry of Economy, is for a period of five years, and includes investments in extracting technologies and environmental installations, aimed at enabling Kremikovtzi to meet the EU's environmental standards.