SPF and Transmashholding Come to Agreement in Luhanskteplovoz Case
OREANDA-NEWS. July 27, 2010. The State Property Fund of Ukraine (SPF) and Transmashhiolding are to sign an amicable agreement on the cross-cancelation of the liabilities of each side, the Cabinet of Ministers announced on July 21. According to the document, SPF retains USD 58 mn received from Transmashholding following the privatization of Luhanskteplovoz in
Millennium Capital considers the news as positive for LTPL, as the Russian investor receives, once again, a 76% stake in Luhanskteplovoz, and the two sides are not in debt to each other. The agreement decreases chances of re-privatization of the company and of protracted litigation.
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