METALLOINVEST INVESTS 6-BLN DOLLARS, PREPARES FOR IPO

摘要

ZHELEZNOGORSK. (Interfax) - Metalloinvest plans to invest 750 million dollars in its enterprises in 2007 as part of an overall 6-billion dollars package over the next five to seven years. The holding is also close to consolidating all of its assets in preparation for an IPO, which co-owner Alisher. Usmanov has said could take place in 2007-2008. INVESTMENT. Maxim Gubiyev, general director of Metalloinvest Management Company, told Interfax that Metalloinvest planned to invest 750 million dollars in its enterprises in 2007. He said 2006's investment was approximately 600 million dollars. Metalloinvest's press office told Interfax that a 5-7-year investment program that the holding has just started to implement would cost 6 billion dollars. This includes at least 1 billion dollar for the production of hot-briquette iron.