At the General Shareholder Meeting (GSM) of Lead and Zink Complex (OTZK) held on July 10 the company’s shareholders rejected the proposal for merger between OTZK and Gorubso-Madan. Instead of that the shareholders decided that the Management of Lead and Zink Complex should start negotiations for purchase of shares in Gorubso-Madan, but after the absorption of Gorubso ROF by Gorubso-Madan, as the negotiated terms of a potential deal shall be presented at an extraordinary GSM. At the meeting the company’s management assured that there was no change in the plans for modernization of the lead and zinc factories and the announced investment program was in the process of execution. According to the company, the necessary financing will be provided by Swiss and Bulgarian banks, as well as by the majority owner Intertrust Holding BG.