The deal is likely to be closed by the end of 2007. As an integral part of the deal NLMK will instantly provide Maxi Group $400 million credit and will assume the Group’s investment strategy. The parties do not disclose total amount of the deal.

Commenting on the deal Vladimir Tatarchuk, Managing Director at Alfa-Bank, responsible for Corporate Business, said: “We see the deal as mutually beneficial for both NLMK — one of largest metal producing companies in Russia and Maxi Group — the most dynamic and fast growing groups in its field. As the sole arranger will are committed to clear all the technical aspects of the up-coming deal so it can be closed according to schedule”.