Daily monitor

The State Property Fund admitted only two companies to Luhanskteplovoz’s [LTPL UZ, BUY] privatization auction: the Bryanskiy Machinery Plant (a member of Transmashholding (TMH), Russia’s leading machinery holding) and Sumy Frunze [SMASH UZ, BUY]. Cyprian Mantara Holding, affiliated with the Privat Group, was not admitted to the auction because of a lack of information about the sources of the holding’s finances and because its financial statements had not been audited in accordance with national standards.

The State Property Fund (SPF) admitted only two companies for Luhanskteplovoz’s [LTPL UZ, HOLD]] privatization auction (to be held today [June 15, 2010] at 10.30 [8.30 by Western European Time]): the Bryanskiy Machinery Plant (BMP) and Sumy Frunze [SMASH UZ, BUY]. Cyprian Mantara Holding, affiliated with the Privat Group, was not admitted at the auction due to lack of information about the sources of financials of the holding and financial statements audited by national standards.

According to the information recently released by the State Committee for veterinary medicine of Ukraine, Belarus permitted import of meat and milk products to a range of Ukrainian meat and milk processors, particularly to “Druzhba Nova”, a subsidiary of Myronivsky Hliboproduct [MHPC LI, HOLD]. The subsidiary is involved in beef and pork production as well as meat processing. According to the MHP, Druzhba Nova is allowed to export all the products—including cooled pork and beef as well as sausages--it produces and processes. However MHP considers sausages to be this subsidiary’s main export item.