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Cabinet Silent on Luhanskteplovoz Tender.

Cabinet Silent on Luhanskteplovoz Tender.

28 September 2008

After having announced last week that its final decision on the tender for Luhanskteplovoz (LTPL: HOLD) would be made at a Sept. 27 Cabinet meeting, the Cabinet did not meet yesterday or make any announcement about the issue, and it is not clear if the issue is being discussed at today’s Cabinet meeting, which is a meeting with regional governors. The State Property Fund for now appears to be going ahead with its plan to auction a 76% stake in the company on Oct. 3.

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