Markokhim's Merger With Azovstal Completed.

Markokhim’s EGM on Dec 20, 2005 finalized the company’s integration into Azovstal (AZST: SELL). Azovstal’s EGM on Dec 24, 2005 should approve the increase of the company?s charter fund by the size of Markokhim’s charter fund. Concorde Capital: Markokhim is a coke producer supplying most of its coke to Azovstal. Both companies are controlled by System Capital Management (SCM). The decision to merge the two companies was approved by two respective EGMs on September 19, 2005.