Bloomberg News

Ukraine May Nationalize Zalk Aluminum Smelter, Kommersant Says

March 23, 2012

Ukraine may nationalize the Zaporozhskiy aluminum smelter, or Zalk, Kommersant-Ukraine newspaper reported, citing Oleksandr Peklushenko, the head of the Zaporizhzhya regional state administration.

The present owner of Zalk isn’t fulfilling its obligations as an investor and the plant needs to be returned to state ownership, Peklushenko said, cited by Kommersant.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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