Supreme Court Confirms Privatization Of 68% Stake In ZALK Was Illegal

According to the court?s decision, the State Property Fund is obliged to recognize KrAZ as the winner of the 68% stake in ZALK, as was determined previously by the Golosiyivsky court. Concorde Capital: Although we expect more litigation to be initiated by ZALK?s current owner, SuAL, the Supreme Court decision will mean it is unlikely SuAL will retain its ownership of its 68% stake in ZALK.