President Viktor Yushchenko signed a law passed by the Verkhovna Rada that takes into account his suggested amendments, paving the way for the privatization of Ukrtelecom (UTEL: HOLD) and the Odesa Portside Fertilizer Plant in 2007.
At their upcoming EGM on March 1, Stakhanov Wagon Works’ (SGVZ: BUY) shareholders will hold an additional share issue for 11.4 mln new shares at the nominal price of USD 0.21.
Dnipropetrovsk Switch Plant (DSTR: BUY) posted sales of USD 44 mln, up 12.2% yoy.
Bank of Moscow announced on Friday that it intends to buy a Ukrainian retail back with a large branch network.
Astarta (AST PW), Ukraine’s fourth largest sugar producer, increased white sugar production by 79.5% yoy in 2006 to 157 ths mt.
The Moody’s Rating Agency announced on Friday that it had raised the credit rating of Ukraine’s largest mobile operator, Kyivstar, from B1 to Ba3 with a positive outlook.
Officials at the state-owned Oschadbank, Ukraine’s eighth largest bank in terms of assets and by far the largest in terms branches (6,147), said the bank will obtain a credit rating from Moody’s or Fitch Ratings this summer in order to facilitate a Eurobond for a sum not less than USD 100 mln in 2H07.
Eurocar is planning to produce 31,500 automobiles in 2007, up 47% from 21,390 units in 2006.
According to Ukrainian News, Konstantin Zhevago’s Finance & Credit Bank plans to conduct an IPO on AIM LSE in early March.
Ukrainian News reported that Ukrsotsbank (USCB: BUY) plans to attract EUR 2.6 bln (USD 3.8 bln) on external markets in 2008. The bank’s chairman Boris Timonkin said that the funds will be attracted through Eurobonds, syndicated loans, etc.
According to Interfax, Bohdan Automobile Plant (LUAZ: N/R) increased its net income 3.7x yoy to USD 72.3 mln. The company increased production 33.6% yoy to 53,919 cars in 2007.
According to Interfax, Arcelor Mittal Kryviy Rih (KSTL: SELL) plans to increase steel output by 2.4% yoy to 8.3 mln mt in 2008. In 2007 the plant increased steel production by 7.1% yoy to 8.1 mln mt.
Inguletsky Iron Ore (IGOK: N/R) intends to increase its charter fund by 0.3% to UAH 689.9 mln (USD 136.6 mln) via an additional share issue. The new shares will be placed at par value, UAH 0.25 each.
Subscription for Galnaftogaz’s (GLNG: U/R) additional share issue ends tomorrow. On November 5, 2007 Galnaftogaz’s EGM approved the USD 57 mln capital increase.
Regal Petroleum (RPT LN: N/R) announced that it has conditionally placed 56,440,000 ordinary shares at 5 pence each in order to raise about GBP 84 bln.