Tymoshenko Warns Vekselberg Over Purchase Of Nikopol Ferroalloy

Tymoshenko said that 50%+1 share in Nikopol Ferroalloy (NFER: SELL) still belongs to the state, and added that a number of court rulings would back up her claim. Concorde Capital: Earlier, Intrerpipe agreed to sell its stake in Nikopol Ferroalloy (estimated at 73%) to Renova, a company associated with Russian tycoon Viktor Vekselberg, and some shareholders from the Russian business group Evrazholding. Interpipe privatized a 50%+1 stake in NFER in 2003, but the new authorities have challenged this deal in court. The statement by PM Tymoshenko only confirms our earlier comment that potential new owners of NFER will face significant political risk. The uncertainty will have a negative impact on the company.