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Azovmash additional share issues confirmed by SEC

Azovmash additional share issues confirmed by SEC

17 October 2011

Wessanen Trading increased its share in the statutory fund of Mariupol Heavy Machinery (UX: MZVM UK, N/R), Mariupol Thermic Plant and Main Specialty Design and Technology Institute to 81%, 89% and 93% respectively, Interfax reported on Friday. Vitaly Gorovoy: This announcement relates to the technical approval by the Ukrainian Securities & Exchange Commission of AGM decisions made earlier. According to Kommersant, Avovmash’s ownership structure is as follows: Savchuk 25%, Ivanyushchenko 25% and the state 50%.

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