Nikopol Ferroalloy To Increase Share Capital by 5.1x

According to Kommersant, yesterday Nikopol Ferroalloy (NFER: N/R) shareholders decided to increase its charter fund by 5.1 times to USD 76.8 mln. Eugene Cherviachenko: In our view, Interpipe and Privat Group, the two biggest shareholders of Nikopol Ferroalloy, are seeking to retain control over the company. Should the share issue go through, the disputed 50%+1 stake in Nikopol Ferroalloy currently controlled by Interpipe would be reduced to roughly 10%.