Saturday 5 July 2014

Naftogaz to Sell 15% of Unit in IPO to Boost Ukraine Market - Bloomberg

Naftogaz to Sell 15% of Unit in IPO to Boost Ukraine Market - Bloomberg:



"NAK Naftogaz Ukrainy is planning to sell 15 percent of its gas extraction unit in an initial public offering next year.



Ukrgazvydobuvannya’s market value may reach as much as $12 billion by 2015 if the government allows the company to raise gas prices, chief adviser to the chairman, Yuriy Vitrenko, said by phone yesterday.



Agricultural producer Ukrlandfarming Plc yesterday said it was considering an IPO in London and Hong Kong as local businesses struggle to raise funds amid a separatist uprising in the country. The benchmark UX Index fell 1.5 percent to the lowest close since May 23 in Kiev as government troops retook a majority of districts in the east after peace talks with Russia faltered."



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