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Reprivatization Officially Over - Yekhanurov

Reprivatization Officially Over - Yekhanurov

30 September 2008

New Prime Minister Yurii Yekhanurov announced yesterday that Kirvorizhstal (KSTL: HOLD) will be the only company reprivatized (tender set for October 26) by the government. Yekhanurov said it is necessary that the government guarantee the inviolability of private property and any problems that currently exist will be solved through negotiations and amicable agreements. He added that the main task of his government would be to stabilize the economy. Concorde Capital: The new PM’s announcement comes as no surprise, we believe Yekhanurov will lead the government out of its current funk, and boost Ukraine?s sluggish reform drive.

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