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Enterprises of “Metinvest” on the tubing string announced the cancellation of all warrants issued by them

Enterprises of mining and metallurgical group “Metinvest” temporarily not controlled by Ukrainian authorities territories in Donetsk and Luhansk regions (NLC) released a statement about the cancellation of all previously issued powers of attorney.

According to released Monday ads, power of attorney revoked under the tubing, in particular, PJSC “Enakievo metallurgical plant”, PJSC “Khartsyzsk pipe plant”, PJSC “Komsomol Rudoupravlenie” and PJSC “krasnodoncoal”.

In the ad clarifies that a power of attorney revoked in accordance with part 2 of article 248 of the Civil code of Ukraine in connection with the termination of the mission on canceled warrants expire perevernet (if available).

As reported, Metinvest 15 March this year, said the loss of control over the activities of their enterprises on the tubing string .

“Due to the requirements of the leadership of the unrecognized republics about the necessity of re-registration of enterprises, located in the so-called “DNR” and “LNR”, the group “Metinvest” declares complete loss of control over the work of all of its assets in tubing”, – reported in a press release.

It was noted that on the eve of the group enterprises (PJSC “Enakievo metallurgical plant”, PJSC “Makeevka metallurgical plant”, PJSC “Enakievo koksohimprom”, PJSC “Khartsyzsk pipe plant”, JSC “Komsomolsk mine group”, PJSC “Krasnodonugol”, PJSC “Donetskkoks” and the joint Ukrainian-Swiss enterprise “metal”) came unknown persons, who demanded to re-register the enterprise within the jurisdiction of the unrecognized republics, and also began an inventory and the inventory of the property.

“In case of disobedience they threatened employees with physical violence. As the group “Metinvest” may not expose employees to the risk of breaking the law of Ukraine, the company finds it impossible to continue any business activities at these enterprises”, – said in the statement.

In a press release, it was recalled that the group companies “Metinvest”, located on the tubing string, from the beginning of the military conflict in the Donbas was re-registered in the controlled area. Only for the year 2016, these companies are listed in the Ukrainian budgets of all levels about 1.4 billion. They were employed more than 20 thousand employees.

Metinvest is a vertically integrated mining group of companies managing assets in every link of the production chain from the extraction of iron ore and coal and coke production up to the release of semi-and end products of steel pipes and coils and also manufacture other products with high added value. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States, has a sales network covering all key global markets.

The main shareholders of Metinvest group are SCM (71,24%) and “Smart holding” (from 23.76%), partnering in company’s management.

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