MMK Group (LSE: MMK) has acquired an additional 12.77% of shares in OJSC Belon (“Belon”) in an off-market transaction. Following the deal, MMK Group now holds a stake of over 95% in the coal company.

This transaction enables MMK Group to consolidate a larger stake in Belon and to satisfy the majority of minority shareholders in their bids to redeem their shares in the company.