OREANDA-NEWS. June 6, 2008. The shareholders of PJSC EnergoMashinostroitelny Alliance (“EMAlliance” or the “Company”) appointed MDM Investments Ltd. (a subsidiary of MDM Bank) and Goldman Sachs International to advise on a possible sale of a non-controlling stake in the Company’s share capital to a strategic investor.

Timur Avdeenko, President of EMAlliance, said: “We are preparing to start an ambitious development program and we expect the appearance of a new strategic shareholder to positively affect our plans and market positions in the most attractive power machine-building niches in Russia and abroad”.