TKS to Multiply Construction Output Fourfold over 2008
15 January 2008
TKS Management (37W1 GR: BUY) announced its plans to invest USD 100 mln to construct 150 ths m2 of property in Western Ukraine in 2008, 4 times more than than the company built in 2007. Half of the amount will be attracted through credit-linked notes that the company intends to issue this year, while another half will be project financing from banks. Alexander Romanov: The company is on track with execution of its declared construction schedule. In order to increase their construction capacities, TKS is planning to invest USD ~15 mln into its in-house construction division during 2008.
