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Luganskteplovoz Remains Eligible For Privatization.

Luganskteplovoz Remains Eligible For Privatization.

23 September 2008

Yesterday the Rada rejected a bill that would have included Luganskteplovoz (LTPL) on the list of companies not eligible for privatization. Concorde Capital: An attempt to sell the country?s sole producer of electric locomotives was made in 2001, but the State Property Fund announced the winner had not been defined, refusing to acknowledge truck-maker AvtoKrAZ (KRAZ: Buy) as an industrial investor. SPF head Valyntina Semenyuk has been pushing for a ban of the company?s privatization, while the company?s management is hoping for a Russian strategic investor to come out of the shadows.

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