1.74% KRST Attractively Priced For Auction.
19 July 2008
The SPFU announced a starting price of USD 13.2 mln for a 1.74% block of KRST to be put up for auction on a stock exchange, implying a USD 763.5 MCap. The event is expected to be a big show, as the starting valuation is quite appealing: P/S x0.45; EV/EBITDA x1.37; P/E x2.99 based on 2005 estimations — below the current market for KRST peers and KRST itself. The auction is to be held before September 30.
