KIEV, October 28 (RIA Novosti) - Mittal Steel Germany will pay for 50% of the 93.02% share package in Ukraine's Kryvorizhstal steel mill in a month's time and will pay the balance in December, the Ukrainian government said Friday.
The first tranche worth $2.395 billion will be emitted 30 days after October 29 and the balance will follow in thirty days after that payment is made.
Mittal won an auction for the Kryvorizhstal shares with a bid of $4.79.
