Nikopol Pivdennotrubny Restructuring Delayed

In the PM’s words words, although the restructuring was illegal, the government decided to postpone this issue until the next sitting. Concorde Capital: Apparently, the information about the cancellation of the plant?s restructuring disclosed by SPF head Valentina Semenyuk was preliminary. It caused a tumult among pipe companies spun off from Nikopol Pivdennotrubny (specifically, Interpipe) and their employees. At the same time, the false start with restructuring gives authorities additional leverage in negotiations with Interpipe over Nikopol Ferroalloy (NFER: SELL).