New Phase Of Privatization In The Pipes

At The World Economic Forum in Kiev yesterday, President Yushchenko said the state would soon begin a new phase of privatizations. Ukrtelecom (UTEL: HOLD), Luganskteplovoz (LPTL), Turboatom (TATM: SELL) Odesa Portside Plant and Azot Severodonetsk are expected to go on the auction block soon. Concorde Capital: The authorities need ~USD 1.3 bn in privatization revenues this year, so the privatization of state-held companies will probably resume in the near future. Kryvorizhstal (KRST: BUY) is likely the first candidate for the new privatization tender.