The State To Sell Its Stake In Zaporizhzhya Abrasive In June.
19 May 2008
The state is going to auction its 15% stake in the company on the Kyiv International Stock Exchange on June 21, 2006. Concorde Capital: The Zaporizhzhya Abrasive Plant is a leading producer of abrasive tools in Central Europe. Earlier, The State Property Fund appraised its stake in the company at USD 0.9 mln, which implies total value of ~USD 6 mln. In 2005, Zaporizhzhya Abrasive posted sales of USD 45.7 mln, EBITDA of USD 7.5 mln and net income of USD 3.9 mln.
