OREANDA-NEWS. September 3, 2010. The shareholders of Mariupol Illich Steelworks, the major steel producer in Ukraine, have approved the results of the additional share issue held in August, the company reported Sep 2. The share capital was increased by UAH 2.25bn and now constitutes UAH 3.09bn.

Millennium Capital: the news is NEUTRAL for MMKI. The current EGM simply finalized the process of the takeover of MMKI by Metinvest, the Ukrainian largest steel producer, through a deal negotiated back in June 2010.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.