Tractors For CHON?
13 December 2008
The Cabinet ordered the State Property Fund (SPF) to swap a 25% block of shares in Cherkassyoblenergo (CHON: N/R) owned by the state-controlled company UKRESCO for a 27.6% block of shares in the Kharkiv Tractor Plant. Concorde Capital: The SPF owns 99.7% of UKRESCO, therefore this swap of shares was possible. Potentially, the 25% stake in CHON could be added to the 46% block owned by National Energy Company (NC ECU), giving the state company full control of CHON.
