UKRAINIAN EQUITY MARKET:: WEEKLY OVERVIEW Parex Asset Management 5–6 JANUARY 2010 Republikas laukums 2a, Riga, Latvia, LV-1522 Lidiya Mudra, Financial Analyst Tel. 371 67010810 Fax. 371 67778622 http://www.parexgroup.com Email:
[email protected] Equity Market The Ukrainian major exchanges started the year on a PFTS Index positive note, with PFTS index gaining 3.82% and UX 700 adding 5.09% during holiday-shortened trading week. PFTS In the metallurgical sector, the Financial Times has last week: informed that an unnamed Russian group is close to 650 buying control of the Ukrainian metallurgical +3.82% corporation Industrial Union of Donbas (IUD). According to FT, the “50%+2 shares” stake in the IUD 600 might be sold by the end of January for up to $2b. 06-Jan-10: Later in the week, Oleksandr Pilipenko, a vice 594.80 550 president within the IUD group, revealed in a Oct Nov Dec Jan statement that one of its new owners is Swiss-based steel trader Carbofer, itself co-owned by Russian below.) businessman Alexander Katunin. At the same time, In the agricultural sector, Ukraine's leading sugar PFTS index gained he did not name the others Mr. Katunin’s partners, producer Astarta Holding released 2009 operational 3.82% and UX revealing only that “none of the new owners would results. In 2009, Astarta produced more than 225ths added 5.09% during have more than a 20% stake”. There were given no tonnes of sugar (-4.5% y/y) that allowed the company the week figures for the value of the deal in the statement.