The fastest developing mobile operator in Ukraine Astelit (the company’s subscriber base rose from 0 in February 2005 to 2.46 mln in December 2005) announced that it attracted two syndicated loans of total volume USD 540 mln. Both loans were taken for 6 years. The money will be spent for debt refinancing, CapEx and increasing working capital.
Export to UCTE countries (Hungary, Poland, Slovak Republic and Romania) increased by 10% yoy. Export to Moldova decreased by 13%. The main factor driving export growth was Russia, where Ukraine has been shipping electricity since December 2004.
At their EGM today, Nikopol Ferroalloy shareholders approved the additional share issue, which increases Nikopol’s charter fund five times to UAH 388 mln (USD 76.8 mln).
According to Ukrainian News, Enakievo Steel’s (ENMZ: BUY) profit before tax surged 34.2% yoy to USD 41.6 mln in 2007. The company’s sales rose 46.5% yoy to USD 1.02 bln.
According to Metal Courier, Alchevsk Coke (ALKZ: HOLD) plans to boost production by 16% yoy to 3.7 mln mt in 2008.
According to Deputy Head of the State Property Fund Andriy Parfenenko, Ukraine’s Cabinet of Ministers approved a privatization plan for Ukrtelecom (UTEL: HOLD): 67.79% of shares will be sold at auction as one block, while 25%+1 share will remain in state hands.
According to the State Statistics Committee, CPI was 2.9% in January.
The Kyiv Appellate Economic Court threw out an appeal by Privat-Intertrading against the State Property Fund (SPF) to block the privatization of Luhanskteplovoz (LTPL: HOLD).
Development Director Elena Smolova of Kharkiv Tractor (HTZD) said the company plans to invest USD 105 mln from its 2007 sales into its development.
The Donbass Fuel and Energy Company (DFEC), which manages SCM’s energy assets, is now transforming into a holding company.
Coke Production Increases by 1.4% yoy in January 2007
Rolled Steel Production for January 2007
The First Ukrainian International Bank (FUIB) placed three-year USD 150 mln Eurobonds with a yield of 9.75%. HSBC and Standard Bank lead managed the issue.
Ukraine’s Anti-Monopoly Committee (AMC) permitted Galnaftogaz (GLNG: HOLD) to purchase 50% of the company Kirovogradnaftoinvest, which sells petroleum products in Kirovograd.
The CEO of Russian telecom company Comstar-UTS, Erik Franke, announced yesterday the company is interested in buying Ukrtelecom (UTEL: HOLD), while expressing concern about Ukraine’s uncertain plans to privatize the company.