OREANDA-NEWS. October 2, 2009. Interfax reported yesterday that Svarog Asset Management, which is controlled by Ukrainian businessman Konstantin Grigorishyn, said that in an October 1 filing it had concentrated an 11.9896% stake in Turboatom (TATM).

Concorde Capital: We see this as a purely technical action, since Grigorishyn's minority ownership of Turboatom was known before. We remain positive on Turboatom's stock, with fair value at USD 0.40 per share.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.