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Ukrzaliznytsya Confirms Planned Order For USD 131 mln From Luganskteplovoz.

Ukrzaliznytsya Confirms Planned Order For USD 131 mln From Luganskteplovoz.

11 May 2008

The government is scheduled to adopt Ukrzaliznytsya’s financial plan at its session today. Concorde Capital: If the government agrees to adopt Ukzaliznytsya’s financial plan and finance it full-scale in 2006, this would imply doubling the USD 94.3 mln in sales expected by Luganskteplovoz’s (LTPL: HOLD) management. The latter based its projections on the expectation that the plan would not be adopted until June and only be financed at 43%.

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