UEFA confirms commitment to hold Euro-2012 in Poland and Ukraine

At a meeting in France yesterday, the Union of European Football Associations Executive Committee reaffirmed its commitment to hold the 2012 European Football Championship in Poland and Ukraine. Concorde Capital: We estimate that Euro-2012 will result in the attraction of up to USD 20 bln in FDI (for comparison, net FDI was USD 9.2 in 2007). Mostobud (MTBD: BUY) and Dnipropetrovsk Babushkin Steelwork Plant are most likely to benefit from Euro-2012 due to additional orders for infrastructure projects. Real estate developers TKS (37W1 GR: BUY), Clubhouse (5CHA GR: N/R), TMM (TR61 GR: BUY), XXI Century (XXIC: BUY) that operate in cities set to host matches (Kyiv, Donetsk, Dnipropetrovsk, Lviv) are also on tap to see demand for related projects.