SPF Sells 15% Stake in Zaporizhya Abrasives
13 July 2008
The State Property Fund of Ukraine auctioned off a 15% stake in Zaporizhya Abrasives (ZABR: N/R) yesterday for USD 4.3 mln on the Kyiv International Stock Exchange, according to a SPF press release. The move completed the full privatization of the company. Zaporizhya Abrasives is the only producer of grinding materials in Ukraine and one of the largest in Eastern Europe. In 2006 the company posted net income of USD 3 mln and sales of USD 48.3 mln.
