We are not familiar with the terms and conditions of this deal as long as it has not been discussed at the meeting of the Board of Directors of Norilsk Nickel. We do believe that the sale of quasi-treasury shares is positive for the company, because in fact, it is a spin-off of a non-core asset. However, we are concerned that an asset worth over USD3.5 billion was monetized without discussion and voting at the Board of Directors of Norilsk Nickel. Moreover, the stake was sold to ‘Trafigura’, a company which is a direct competitor of Norilsk Nickel for marketing and sales of its metals. It is also unclear how MMC will use the funds received from the sale of this stake.