Petercog this is another interesting read off Google just a few...

Petercog this is another interesting read off Google just a few minutes ago. Maybe there are other motives at work here and MMK want to get out of the deal altogether. That's why if anyone that is more down the legal side of things can explain if indeed MMK can get out of this deal in anyway and if they do are they liable to forfeit any cash to FMS?

NEWS RELEASE!!
MMK Steel Posts Q4 $67 Million Net Loss
11:34 18/04/2012
MOSCOW, April 18 (RIA Novosti)
Magnitogorsk Iron and Steel Works (MMK), one of Russia's largest iron and steel producers, posted an IFRS net loss of $67 million in the fourth quarter 2011, up from a $205 million net loss in the previous quarter, the company said in a statement on Wednesday.

The company's revenue edged down eight percent in October-December 2011 to $2.243 billion compared with the third quarter of last year. EBITDA fell 42 percent to $203 million, while EBITDA margin decreased to 9.1 percent from 14.4 percent.

MMK posted an operating loss of $47 million in the fourth quarter 2011 after a $94 million operating profit in July-September last year.

The company's net loss for 2011 amounted to $125 million, following a $232 million net profit in 2010. Revenue for the year rose 21 percent to $9.306 billion.

Revenue from sales of high value added products, which account for 36 percent of the company's total output, was $2.081 billion in 2011, a 30 percent increase year-on-year.
"An expected increase in demand for steel in Russia in 2012, the introduction of new products ... will allow MMK Group to increase output of finished steel products in 2012," the firm said.