MMK is satisfied with the outcome of the auction. The high valuation of the Company's assets by the market participants is a sign of the correctness of the strategic priorities chosen by the Company. We are confident that MMK will keep up its excellent performance and consolidate its position as the leader of the Russian steel making industry.
MMK would like to express its gratitude to the Russian Federal Property Fund for holding an open and fair auction. We would also like to thank other participants in the auction for their spirit of worthy rivalry.