According to the SCM press service, the corporation has lodged an appeal against the court's decision, which will be considered in 2018, Liga.net reported.
Read alsoFT: Ukraine's Rinat Akhmetov has $820m of assets frozenAs UNIAN reported earlier, a Dutch court issued a provisional order to freeze SCM's Netherlands-registered businesses, which include Ukraine's largest steel company Metinvest and largest private power and coal producer, DTEK, in connection with a long-running $820 million lawsuit related to the sale of Ukrtelecom, Reuters wrote on January 9.
The District Court of Nicosia (Cyprus) ruled to freeze $820 million of Akhmetov's assets in the case of buying Ukrtelecom in 2013, The Financial Times reported on January 5.
The assets were frozen due to a lawsuit filed by Raga Establishment (formerly EPIC Telecom Invest), which belongs to the former shareholder of Rodovid Bank, businessman Denys Gorbunenko. The company sold Ukrtelecom to Akhmetov in 2013 for $860 million, but the latter allegedly paid only $100 million.
SCM said it would challenge the Cypriot court's decision to freeze Akhmetov's assets.
