SPF Plans to Sell Stakes in KSTL, MZVM, Oranta.

The State Property Fund plans to sell off the state’s 1.74% stake in Mittal Steel Kryvy Rig (KSTL: BUY) in installments through auctions on local exchanges, with the first sale of an 0.5% stake to be held on Sept. 6, according to an official privatization schedule published on Wednesday. According to the schedule, on Sept. 20 the fund will announce the terms and conditions for the sale of an 11% stake in Mariupol Heavy Machine Building (MZVM: BUY), and on Oct. 11 the fund will auction a 25% stake in the insurance company Oranta. Several smaller companies were also on the schedule, notably Azovcable, with a sale of an 80.8% stake to be announced on Nov. 29. Tom Warner: The dates should be taken as provisional, as the SPF often misses its schedules.