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Dunaferr Sale Closed

The State Privatization and Holding Company (APV) closed the sale of steel maker Dunaferr to the Donbass-Duferco consortium yesterday.

APV CEO Miklos Kamaras, Sergei Taruta of the Donbass-Duferco consortium and Dunaferr Chariman-CEO Peter Honig all signed one of the company's shares in an act intended to signal the close of the sale, which has been dragging on for more than nine months.

At yesterday's continuation of an EGM adjourned on September, the decisions taken by in September, including electing Taruta as chairman of Dunaferr's supervisory board and confirming Honig in his position, took effect.

(BBJ 01.x.04)

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