Russian firms buy Zaporizhstal steel maker

Russian firms buy Zaporizhstal steel maker.

Ukrainian steel-maker OJSC Zaporizhstal has been sold to a group of Russian investors represented by Vnesheconombank, Ukrainian media reported. According to the Internet publication Ukrainska Pravda, the price tag on the deal was $1.7 billion, with the sellers rejecting an earlier $50 million down payment by the major Ukrainian financial and industrial holding SKM Rinat Akhmetov and agreeing to pay a fine of $50 million for having done so.