OREANDA-NEWS. On June 01, 2007 the shareholders of MDM Bank and EuroChem have completed the re-organization of their interests that was announced in December 2006, upon receipt of final regulatory approval, reported the press-centre of EuroChem.

Mr. Andrey Melnichenko and Mr. Sergey Popov will remain partners in SUEK. In the case of MDM Bank and EuroChem, there has been an exchange of interests.

Mr. Melnichenko’s interests have acquired the 50% of the share capital of EuroChem which they did not already own, and Mr Popov’s interests have acquired Mr Melnichenko’s beneficial holding in MDM Bank.

EuroChem and SUEK have each been beneficially held in equal shares for Mr. Melnichenko and Mr. Popov since 2001, and MDM Bank since 2003.