Daily News
Prykarpatoblenergo (PREN) reported net revenue of USD 77.2 mln in 9M08 and net income of USD 8.7 mln: its net margin (11%) is the highest in the sector.
Sumy Frunze's (SMASH) press office said yesterday that the company signed a contract in September to supply Russian giant Gazprom with USD 65 mln worth of compressor equipment by July 2009.
United Media Holding (A65 GR) received the rights to the Italian Brava Casa brand in Ukraine from RCS MediaGroup.
Ukrsugar, the Ukrainian association of sugar producers, said yesterday that Ukrainian sugar refineries made 878.9 ths mt of sugar from beets so far in 2008, 30% less than over the same time last year.
Ukrainian press has reported that the owners of Nord Group, which includes traded refrigerator manufacturer Nord (NORD) are in the final stages of talks to sell the company to undisclosed Czech investors.
Ukrsotsbank (USCB: HOLD) Chairman Boris Timonkin told Interfax that the bank intended to prolong the USD 250 mln one-year syndicated loan it received in December 2006.
Rodovid Bank (RODB: BUY) is considering issuing USD 250 mln (about USD 50 mln) in three-year local bonds before the end of the year, according to Bank Chairman Denis Gorbunenko.
According to Bloomberg, GNG Finance Public Limited sold USD 50 mln 5% 5Y mandatory conversion in shares.
Ukravto (AVTO: N/R) announced yesterday that it agreed with General Motors to create a joint venture (60% owned by Ukravto, 40% - GM, preliminarily) to produce cars in Poland, according to Ukrainian News.
According to the State Statistics Committee, in October the inflation rate grew by 2.9% mom and reached 11.7% since the beginning of the year.
Ukraine moved up eight places to 99th on Transparency international’s 2006 Corruption Perception Index with a score of 2.8.
CPI increased by 2.6% yoy in October bringing Ukraine’s 10M inflation figure to 8.7%. The 2.6% monthly increase was the largest Ukraine has seen in the last six years.
Yesterday, the National Bank announced that its hard currency reserves had reached a record high, USD 19.48 bln.
At its EGM yesterday Odessaoblenergo (ODEN), shareholders voted to increase the company’s charter fund by 2.9 times through an additional shares issue.
Azovstal (AZST: BUY) raised production of finished steel products by 0.1% yoy in 10M to 4.4 mln mt.