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Lvivoblenergo Ready For Battle.

Lvivoblenergo Ready For Battle.

17 March 2008

The management of Lvivoblenergo (LVON: BUY) warned that the company may be attacked by a group of people sometime between today and Monday. They added that the attack was being organized in order to “enforce” a local court decision to change management of the company. Ternopiloblenergo (TOEN: BUY) may be the next target. Concorde Capital: The conflict between main shareholders of six Oblenergos escalated again, when Konstantin Grigorishyn intensified attempts to regain control over the companies’ operations. Attacks following court decisions have happened before: Preykarpatoblenergo (PREN: BUY) and Chernihivoblenergo (CHEON: HOLD), however, the existing management were able to ‘fend-off” the attackers. The information distributed by LVON representatives may prevent an attack if it is really being prepared.

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