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A Chelyabinsk court will resume hearing a suit on July 2 by OAO Magnitogorsk Iron & Steel shareholder, Elena Egorova, against the company over its plans to buy Australia’s Flinders Mines Ltd. (FMS), Interfax reported today from the court.
The judge agreed to Egorova’s request that the hearings be closed to the public as financial and company information would be discussed, Interfax said. Kirill Golubkov, a spokesman for Magnitogorsk, declined to comment immediately when contacted by phone.
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