SPF Names Exchanges & Reschedules Dates For Remaining KSTL Stake Sales
13 October 2008
The State Property Fund (SPF), announced yesterday the four stock exchanges it intends to use to sell the bulk of its remaining stake in Mittal Steel Kryvy Rig (KSTL: BUY). The SPF plans to place 0.33% of KSTL on the Interbank Currency Exchange on November 22, then another 0.32% on the PFTS December 1, followed by 0.32% on December 12 on the Ukrainian Stock Exchange. The final 0.32% block is to be sold on the INNEKS (formerly the Donetsk Stock Exchange) on December 20. The blocks are to be sold at a starting price of $0.20 per share. At the close yesterday the last deal price for KSTL was about $0.77 per share
