Metalloinvest Explained

Metalloinvest
Type:Joint stock
Foundation:1999
Location:Moscow
Industry:Mining, steel
Key People:Nazim Efendiev (Chairman of the Board of Directors)[1]
Products:Iron ore
Steel
Steel products
Financial services
Num Employees:60,000 (2014)[2]
Owner:USM Holdings (100%)[3]
Homepage:metalloinvest.com

Metalloinvest Management Company LLC (Russian: link=no|Металлоинвест) is a Russian mining and metallurgy company specializing in the manufacture of steel. It was founded in 1999 and is composed of a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Elektrometallurgical Plant (OEMK) and Ural Steel). USM Holdings Business Development owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (60%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively.

In August 2021 Bloomberg News announced the first IPO of Metalloinvest in 2022 with around 22 billion dollars due diligence.[4] In 2022, the company's revenue amounted to 121 billion rubles.[5]

Related companies and subsidiaries

Investments

Mining

in July 2017 Metalloinvest Cyprus, an indirect subsidiary of Metalloinvest, completed the sale of its 1.79% stake in mining company Norilsk Nickel.[10] The sale raised around $400 million.[11]

Metallurgy

Mechanical engineering

Distribution and other

HoReCa

Owners

On April 27, 2020 Andrey Varichev, CEO of the company, died of bilateral pneumonia.[18]

In 2020-2023 the post of CEO of the company was held by Nazim Efendiyev, previously the first deputy of Varichev.

In December 2023 Efendiev moved to the position of Chairman of the Board of Directors of Metalloinvest, and Deputy Oleg Krestinin was appointed in his place.[19]

Competition

Domestic competitors include Evraz Group and Novolipetsk Steel.

See also

External links

Notes and References

  1. Web site: "Металлоинвест" сменил гендиректора. ru. 2023-12-04. RBC.
  2. Web site: Archived copy . 2016-02-28 . live . https://web.archive.org/web/20160311053803/http://fs.moex.com/content/annualreports/1826/2/metalloinvest-ar-2014-eng-web.pdf . 11 March 2016 . dmy-all .
  3. Web site: Shares . 2016-02-28 . live . https://web.archive.org/web/20160304213431/http://www.metalloinvest.com/en/investors/share-capital/ . 4 March 2016 . dmy-all .
  4. Web site: Russian Ore Giant Pushes Greener Steel Before Potential IPO. 2021-08-20. Bloomberg News.
  5. Web site: АО "ХК "Металлоинвест" . 2023-10-27 . www.rusprofile.ru . ru.
  6. Web site: Nautilus completes US$2 Million Private Placement . 2017-10-07 . live . https://web.archive.org/web/20171007075938/http://www.marketwired.com/press-release/nautilus-completes-us2-million-private-placement-tsx-nus-2220292.htm . 7 October 2017 . dmy-all .
  7. News: Taxpayers funded loans for foreign metals firm amid UK steel crisis. Davies. Rob. 2016-09-11. The Guardian. 2017-09-19. Beizsley. Daniel. en-GB. 0261-3077. live. https://web.archive.org/web/20171004132753/https://www.theguardian.com/business/2016/sep/11/british-taxpayers-funded-loans-for-foreign-steel-company-amid-uk-industry-crisis. 4 October 2017. dmy-all.
  8. http://www.lgoksnab.ru Lebedinsky GOK
  9. News: Russian businessman Usmanov rejects opposition activist Navalny's bribe charges. TASS. 2017-09-19. ru. live. https://web.archive.org/web/20170516070621/http://tass.com/economy/940898. 16 May 2017. dmy-all.
  10. News: Metalloinvest to sell Norilsk Nickel stake - bookrunner. 2017-07-20. Reuters. 2017-09-19. live. https://web.archive.org/web/20170919234227/https://www.reuters.com/article/us-norilsknickel-metalloinvest-sale/metalloinvest-to-sell-norilsk-nickel-stake-bookrunner-idUSKBN1A523L. 19 September 2017. dmy-all.
  11. News: BRIEF-Russia's Metalloinvest sells Nornickel stake at $14.10/share. Reuters Editorial. U.K.. 2017-09-19. en-GB. live. https://web.archive.org/web/20170919234453/https://uk.reuters.com/article/brief-russias-metalloinvest-sells-nornic/brief-russias-metalloinvest-sells-nornickel-stake-at-14-10-share-idUKFWN1KB121. 19 September 2017. dmy-all.
  12. Web site: BusinessWorld SteelAsia forges deals with Russian steel makers. www.bworldonline.com. en-US. 2017-09-19. live. https://web.archive.org/web/20170805074538/http://www.bworldonline.com/content.php?section=Corporate&title=SteelAsia-forges-deals-with-Russian-steel-makers&id=145838. 5 August 2017. dmy-all.
  13. Web site: Металлоинвест продаст Уральскую сталь Загорскому трубному заводу. ru. 2022-02-03. Интерфакс.
  14. Web site: Oskol . 1 April 2020 . https://web.archive.org/web/20170926175009/http://oskolmet.ru/ . 26 September 2017 . dead .
  15. http://www.aommz.com MMP
  16. News: Evraz Signs Deal With Metalloinvest For Supply Of Iron Ore, Pellets. 2017-08-07. 2017-09-19. en-GB. live. https://web.archive.org/web/20170902045006/http://www.lse.co.uk/AllNews.asp?code=dnchwwhm&headline=Evraz_Signs_Deal_With_Metalloinvest_For_Supply_Of_Iron_Ore_Pellets. 2 September 2017. dmy-all.
  17. Web site: Металлоинвест приобрел дом торжеств Сафиса на Воробьевых горах. ru. 2022-01-25. Интерфакс.
  18. Web site: 2020-04-27 . Умер глава холдинга «Металлоинвест» Андрей Варичев . 2024-06-01 . РБК . ru.
  19. Web site: 2023-12-04 . «Металлоинвест» сменил гендиректора . 2024-06-01 . РБК . ru.

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