Druzhkivka Machinery restructuring continues with small stake transfer

A 12% stake in Druzhkivka Machinery (DRMZ) was acquired by Golden Vortex Fund from Kremen-Invest Fund, according to press reports on Friday. Inna Perepelytsya: The transfer is technical in nature, both Golden Vortex and Kremen-Invest are under the management of Altera Asset Management, which we relate to IUD. Following this transaction, Cyprus-registered UMBH’s (owned by SCM) stake in Druzhkivka remains unchanged at 65.26%.