Metinvest to allocate USD 500 mln to up output
29 January 2010
Metinvest Holding’s Alexey Pertin, CEO of Smart Holding, said that his company plans to spend more than USD 500 mln to increase production in 2010, Bloomberg reported yesterday. The funds will be invested in existing assets, increasing production and improving quality rather than on new acquisitions, Pertin said. In addition, Pertin indicated that Metinvest might consider issuing Eurobonds, depending on interest rates.
