World News: 16:50 GMT Wednesday 13th June 2018. [EQS Group via SPi World News]
Metalloinvest Finance Designated Activity Company (IRSH)
Moscow, Russia - 13 June 2018 - Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has announced its dividends.
Based on 2017 results and Net debt/EBITDA ratio of 1.9x as of 31 December 2017, the shareholders of Metalloinvest made a decision to pay out the dividends in the total amount of 18.999 billion roubles.
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Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.
Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the major beneficiary of USM Holdings (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (9%).
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