OREANDA-NEWS. October 19, 2009. TMM Real Estate Development (TR61 GR) could sell a 10-30% equity stake in mid-2010, CEO Mykola Tolmachov said on Friday.

Concorde Capital: the company recently announced that it improved its balance sheet by repaying short-term debts. Thanks to this, the company is under less severe pressure to raise financing than most other local developers. Yet, TMM will need to attract either equity or debt to fund new construction. We do not think that 2010 will be ripe for placements, especially in the real estate sector, but we admit that certain private equity type deals might occur and TMM is well positioned to be among candidates provided valuation is reasonable.

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.