OREANDA-NEWS. June 08, 2010. The deadline for application to participate in the tender bidding on the privatization sale of the 76% stake of Luganskteplovoz <LTPL UK STRONG BUY> Holding Company ran out yesterday.  As the State Property Fund of Ukraine (SPF) informed, the applications were submitted by three companies (the names of the companies have not been disclosed). The tender is scheduled to be held on June 15, 2010. As was reported earlier, seven companies (five representing Ukraine and two from abroad) have asked for the tender documents package.

Millennium Capital: the news is undoubtedly positive for only one Ukrainian producer of assorted types of diesel and electric locomotives, other railway machinery, trams and mining equipment. The response of the Ukrainian market was as expected: the stocks of the company jumped by 18.3% during one trading session. Millennium Capital hopes the Russian Transmashholding is in the list of bidders because it is with this company that Millennium Capital associates the successful development of LTPL going forward (for more details, see our Trade idea: ”2010 brings bright outlook”).