SPF to Value Cherkasy Azot.

The State Property Fund announced that it had chosen the North-East Consulting Group (Kharkiv) to value “a stake” in Cherkasy Azot (AZOT: BUY). The fund said the valuation was “demanded by law-enforcement organs”, and gave no other details. Olha Pankiv: The valuation and the official investigation are apparently related to the long-running conflict between AZOT’s majority shareholder and a minority shareholder group. The minority group is seeking to reverse past increases in the company’s charter fund, which diluted its stake.