Sale Of 50% Stake To Dotterbloem Holding Part Of IPO Plan Stirol Chief

According to Stirol’s (STIR: SELL) Chairman of the Board, Nikolai Yankovski, the transfer of a 50%+ stake in the company to Dotterbloem Holding is part of the company’s plans to hold an IPO on an international exchange. Last Friday, Ukraine’s Antimonoply Committee ok’d the purchase of a 50+ percent stake in the nitrogen fertilizer producer Stirol by the Netherlands’ Dotterbloem Holding B.V. Vladimir Nesterenko: As we thought, the benefitial owner did not change. However, Yankovsky’s explanation is odd. Given the sector’s weak performance and abnormal risks, we doubt Striol will hold an IPO. We think sellout to a strategic investor is more likely.