Another 1% Stake In UTEL To Go On The Auction Block June 8

According to local media reports, the State Property Fund (SPF) is going to place a 1% stake in Ukrtelecom (UTEL: HOLD) on a local stock exchange on June 8. The SPF has already announced plans to sell a seperate 1% stake on a local stock exchange on May 22. In all, the SPF plans to place a 4-4% stake on local stock exchanges over the next six months and then place a 37.9% on a foreign exchange before then end of the year.