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Motor Sich rumoured for sale
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Ukraine plans to sell remaining 20% (130 words)
Published:
8/24/2000
According to local reports the Ukrainian State Property Fund is preparing to sell its remaining 20% of the Zaporozhye-based engine producer Motor Sich following its successful placement of 5% of the company through the Kiev Stock Exchange in July.
The price of the shares this time however, is considerably higher than the July placement, with a minimum tender of Hr 64.68 ($11.97), compared with a minimum of Hr18.14 in July, when the stock finally sold for Hr40.14 ($7.40). This values the company, reported to have a 5000 engine a year capacity, at $24,890,000m. It is unclear when the auction will take place, but earlier reports suggested that the tender would take place before the end of 2000.
Article ID:
2026
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