MMK
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09 March 2007 г. | 14:06
Charter capital will decrease
Shareholders of Magnitogorsk Iron&Steel Works adopted a decision at the August 30 EGM to merge with MMK Capital which owns 498,495,023 of MMK’s shares, or 4.27% of the charter capital.
MMK said in a statement that its stock owned by MMK Capital will be redeemed. As a result, its charter capital will decrease 4.27% and amount to 11,174,330,000 shares. For the record, MMK’s charter capital is currently divided into 11,672,825,023 shares.
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