Privat Bank Ready To Bid For Nikopol Ferroalloy

Privat Group’s representatives said they would offer ~USD 300 mln for a 50%+1 stake in Nikopol Ferroalloy (NFER: SELL), if the plant’s privatization by Interpipe is revised and the block is put up for sale again. Concorde Capital: If Privat gains control over NFER, it would become a monopoly producer in the Ukrainian ferroalloy market and the largest global manganese ferroalloy player. The price mentioned by Privat is significantly lower than the estimate of USD 500 mln named by Prime Minister Yulia Tymoshenko earlier.