Nikopol Ferroalloy Dispute Coming to an End?

According to daily Kommersant, the State Property Fund has given up its claim to a 50%+1 stake in Nikopol Ferroalloy (NFER: U/R), leaving it to Viktor Pinchuk-controlled Interpipe. According to an SPF representative, the state will not appeal the privatization to Consortium Pridneprovie (associated with Interpipe). Eugene Cherviachenko: In our view, this news points to the real end of this long legal battle. We see mainstream interest reviving in the stock; the market has been limited to speculative trading. After the sector’s improved October financials and rally on the PFTS, we are reviewing our forecasts; look for Nikopol in our next sector update.