Daily News


February 8 2008
Astelit Attracts USD 540 mln In Loans.

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.

February 8 2008
Electricity Export Increase 52% yoy In 2005.

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.

February 7 2008
Nikopol Ferroalloy Approves Share Issue Subscription

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).

February 7 2008
Enakievo Steel’s PBT Up 34.2% yoy in 2007

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.

February 7 2008
Alchevsk Coke to Increase Coke Production 16% yoy in 2008

According to Metal Courier, Alchevsk Coke (ALKZ: HOLD) plans to boost production by 16% yoy to 3.7 mln mt in 2008.

February 7 2008
Cabinet Approves Ukrtelecom Privatization Plan

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.

February 7 2008
CPI Hits 2.9% in January

According to the State Statistics Committee, CPI was 2.9% in January.

February 7 2008
Appellate Court Brings LTPL Privatization Closer to Reality

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).

February 7 2008
Kharkiv Tractor Plans for Investments of USD 105 mln in 2007

Development Director Elena Smolova of Kharkiv Tractor (HTZD) said the company plans to invest USD 105 mln from its 2007 sales into its development.

February 7 2008
DFEC Starts Structuring Its Assets

The Donbass Fuel and Energy Company (DFEC), which manages SCM’s energy assets, is now transforming into a holding company.

February 7 2008
Coke Production Increases by 1.4% yoy in January 2007

Coke Production Increases by 1.4% yoy in January 2007

February 7 2008
Rolled Steel Production for January 2007

Rolled Steel Production for January 2007

February 7 2008
FUIB Places Eurobonds for USD 150 mln

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.

February 7 2008
AMC Permits Galnaftogaz to Buy Kirovogradnaftoinvest

Ukraine’s Anti-Monopoly Committee (AMC) permitted Galnaftogaz (GLNG: HOLD) to purchase 50% of the company Kirovogradnaftoinvest, which sells petroleum products in Kirovograd.

February 7 2008
Comstar Wants To Buy Ukrtelecom?

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.

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