IUD To Go Public In 2007.
11 January 2008
Serhiy Taruta, the company’s CEO, said the Industrial Union of Donbas (IUD) is planning an IPO on a foreign stock exchange in 2007, but did not disclose the details of this undertaking. Concorde Capital: IUD is Ukraine’s leading business group controlling Alchevsk Iron & Steel (ALMK: BUY), DMK Dzerzhynskogo, Kramatorsk Iron & Steel, Alchevsk Coke (ALKZ: BUY) in Ukraine, the Huta Czestochowa steel mill in Poland, and Dunaferr and DAM Steel in Hungary. The company’s announcement is marks the first time any of Ukraine’s major business groups have been so straight forward with their IPO plans.
