Privat-Evraz Deal De Facto Closed?

Yesterday, according to Evraz’s announcement, BNY (Nominees) Ltd, which is owned by Privat’s major beneficiary, Igor Kolomoysky, received 9.72% in Evraz. Eugene Cherviachenko: We think the news marks the de facto end of the deal between Privat and Evraz (see our note of December 13, 2007), although the parties expect to complete it de jure by 1Q08.