OREANDA-NEWS. November 10, 2009. On the 5th of November, a 76% stake of Luganskteplovoz shares was credited to the State Property Fund of Ukraine (SPF) account. According to Mr. Dmytro Parfenenko, the acting SPF Chairman, this 76% of LTPL stocks is up for a repeat privatization sale in the nearest future.

Millennium Capital: obviously, this news is negative for the Company’s operations. But a new privatization sale will revive the interest of investors in the stocks of this issuer. Also, one should not rule out a possibility that Transmashholding may block the upcoming privatization sale by filing a lawsuit with the international court instances.