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Ukraine's Smart Group to invest EUR 200 M in Kremikovtzi

Date: 03.12.2008

The Ukrainian company Smart Group is expected to present Tuesday its investment plan for Bulgaria's largest steel mill Kremikovtzi to the Economy Ministry.

Smart Group, which is presently considered the main bidder for the purchase of the plant, intends to invest EUR 200 M in the steel-maker, the Pari Daily reported.

The investment plan is for a period of five years, and includes investments in extracting technologies, and environmental installations so that the factory could meet EU's environmental standards.

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