Rosava IPO Planned by 2009.

The Finance & Credit group announced plans to consolidate a tire-producing holding based around Rosava, Ukraine’s largest tire maker, and launch an IPO by 2009. Also included would be a smaller tire maker, Valsa, and the Stakhanov Carbon Black Plant. Vladimir Nesterenko: The news is positive for Chernigivske Khimvolokno (CHIM), which supplies tire cord to Rosava. One of the main questions about F&C’s plans is whether the group will seek to acquire CHIM. The open joint stock company Rosava is listed on the PFTS (ROSA), but it is illiquid because the company’s operating assets are leased to a closed joint stock company with the same name.