UMMC shareholders to consider 2 guarantee agreements with Gazprombank Aug 27
YEKATERINBURG. July 12. (Interfax) - OJSC Ural Mining and Metallurgical Company (UMMC) will hold an extraordinary shareholders' meeting on August 27 to approve two interested-party deals, the company said in a statement.
The first is a guarantee agreement between UMMC and Gazprombank aimed at ensuring that LLC UMMC Holding fulfills its obligations under a loan agreement signed between it and Gazprombank on June 18 of this year.
The second is a guarantee agreement between UMMC and Gazprombank for a loan agreement between LLC UMMC Holding and the bank, dated March 26 of this year. The guarantee agreement was signed on May 31.
Interfax was unable to obtain comment from UMMC on the details of the agreements.
The extraordinary meeting will be held in the form of in-absentia voting. The register closes on July 12.
UMMC manages the assets of over 40 enterprises located in various Russian regions. It is one of the leading domestic producers of copper cathode, zinc, lead and rolled non-ferrous metals.
UMMC's shareholders are Cyprus-based Talberg Investments Limited (7.5%), Bergen Investments Limited (7.5%) and Selmareco Limited (85%).