On September 8-12, the State Property Fund of Ukraine (SPFU) is planning to conduct a new check whether the world's largest steel steelmaker ArcelorMittal has fulfilled the investment obligations it assumed following the acquisition of 93.02 percent stake in Ukraine-based Krivizhstal (currently known as ArcelorMittal Kriviy Rih).
As previously reported by SteelOrbis, as a result of an audit conducted by the SPFU on March 24-28, 2008, it was determined that ArcelorMittal had not fulfilled certain articles of the sale-purchase agreement, including the reconstruction of coke batteries No. 3 and No. 4 with introduction of environment friendly technologies and other obligations.