The State Property Fund of Ukraine (SPFU) has sold the state's last stake, equal to 0.1 percent of shares, in ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of steel giant ArcelorMittal, for a total of UAH 54.819 million (about $6.45 million) via the Ukrainian Interbank Currency Exchange.
The buyers of the shares in question were the Ukrainian investment companies Dragon Capital and Concorde Capital, which acquired about 2.26 million and 1.6 million shares respectively.
As SteelOrbis previously reported, the Ukrainian government had retained the 0.1 percent stake in ArcelorMittal Kriviy Rih after it sold 1.6 percent of its shares in the plant via exchanges from November 2006 to April 2007.