Svarog Asset Management concentrates 12% of Turboatom
2 October 2009
Interfax reported yesterday that Svarog Asset Management, which is controlled by Ukrainian businessman Konstantin Grigorishyn, said that in an October 1 filing it had concentrated an 11.9896% stake in Turboatom (TATM). Yegor Samusenko: We see this as a purely technical action, since Grigorishyn’s minority ownership of Turboatom was known before. We remain positive on Turboatom’s stock, with fair value at USD 0.40 per share.
