Midland Group sells off stake in Zaporizhstal

Kommersant reported this morning that Midland Group, controlled by Ukrainian businessmen Eduard Shifrin and Alex Shnaider, sold more than a 50% stake in Zaporizhstal (ZPST). According to the article, the Antimonopoly Committee of Ukraine gave permission yesterday to Switzerland-registered Airol Beteilungen AG to acquire more than 50% stake in Zaporizhstal. Kommersant said that as a result of the transaction, Airol Beteilungen, owned by Igor Dvoretsky and Vitaly Satsky, which controlled 40% of the plant, will increase its stake to 96.6%.