Daily analyst comments
NorNickel has filed an application to the Federal Antimonopoly Service (FAS) to increase its stake in TGK-14. This may become the first step towards NorNickel's participation at the auction to sell off TGK-14's state share package and additional issue scheduled for June 2008. NorNickel may resell TGK-14 in the short-term, which would precipitate a buyout offer.
TGC-14
Despite the renewed talk about the privatization of Svyazinvest, we would like to again warn investors against making hasty conclusions. Although the relevant talks have been underway since 1997, the state is yet to work out its clear-cut stance on the sale of its share package in the company.
Sector: Telecommunications, IT