SCM to Halt Plans for Dniproenergo, Waiting for Clarity From New Government

SCM Financial Director, Denis Kireev, said yesterday that SCM would be halting investment plans into companies were there is a possibility that their privatizations could come under review from the new government. This announcement makes it clear that SCM is concerned about plans that a new government led by Tymoshenko could have for Dniproenergo (DNEN: HOLD). After climbing to almost USD 535 following the President’s call for three-party coalition talks, DNEN shares dipped to about USD 512 yesterday as it became clear that a Tymoshenko-Our Ukraine coalition was becoming more likely.