July 16. Major shareholder of United Heavy Machinery (OMZ), Forpost Management (FM), intends to wrap up a transaction to acquire a controlling stake in Ekaterinburg-based Urals Chemical Engineering Works (Uralkhimmash) in the near future, said FM general director Vladimir Yurkov. According to him, reports about the acquisition of some 70% stake "are close to truth". The transaction is to be implemented at the same scheme which was used to buy 100% of shares in Cryogenmash located in the town of Balashikha of the Moscow region and 85% of shares of Khimmash in the town of Glazov, the Republic of Udmurtia. About a month ago the Gazprombank group, whose spokespersons sit on the OMZ BoD, reported this USD 290 mn acquisition made in February.