ISTIL Group Planning IPO In 2009 Group Vice President
21 March 2008
Faruk Siddiki, Vice President of Ukraine’s ISTIL, said that the company’s holding, International Steel & Tube Industries Ltd, was planning to hold an IPO in two years. According to Siddiki, the money attracted from the IPO will help the group finance the construction of new plant with an annual output of 240 ths mt of rolled steel in Serbia in 2007 and another mill in the United Arab Emirates with an annual rolled steel output of 500 ths mt in 2008. Ukrainian ISTIL will supply semi-finished steel for the new mills.
