Daily monitor

Myronivsky Khliboprodukt [MHPC LI, HOLD], a vertically integrated holding with a focus on poultry production and grain cultivation, plans to launch an oil extraction plant in the Chernyhiv Region of Ukraine by August-September 2009.

The State Property Fund of Ukraine announced the date of the auction for selling of state’s stake in Odesaoblenergo [ODEN UZ, BUY] - May 19, 2009.

The French company ‘Alstom’ is going to acquire a 25%+1 stake in the mother company of the Closed Joint-Stock Company ‘Transmashholding’ (TMH).

Ukrainian News reported on coke production for March, which amounted to 1.45 mln mt. This is up 19% MoM, but still 11% below the average 2008 monthly output of 1.63 mln mt, and 15% below the average 2007 monthly reading of 1.72 mln mt.

The European Bank of Reconstruction and Development (EBRD) is going to inject a total of EUR 220 mln into the development of Ukrainian agricultural companies in 2009. According to Ukrainian News, Mr. Gilles Mettetal, Director of the Agribusiness team in Ukraine, negotiations with respect to the above are in progress.

On March 31, Zaporizhtransformator [ZATR UZ, N/R] – the world's largest manufacturer of transformer equipment – held its AGM in Zaporizhya. According to the company’s information, ZATR ended 2008 with net sales of UAH 3.323 mln (USD 627 mln at exchange rate of USD/UAH 5.3), which is up by 60% in comparison with 2007.

According to Petro Poroshenko, the Head of the NBU Council, Raiffeisen Bank Aval [BAVL UZ, U/R] has received UAH 1 bln in refinancing for the purpose of providing loans to Ukrainian agricultural enterprises.

On March 26, the National Communication Regulation Committee (NCRC) of Ukraine reviewed the current interconnect fee between fixed line and mobile operators.

According to the State Statistics Committee of Ukraine, domestic agricultural companies (excluding small-scale enterprises) increased their PBT (profit before tax) by 25% YoY to USD 0.73 bln in 2008.

As Sokrat previously reported, Ukrsibbank is the one of the first five banks that will be receiving funding from the EBRD. Yesterday, Serhiy Naumov, the Chairman of the Board of Ukrsibbank, announced that the bank intends to attract USD 100 mln on the terms of subordinated loan from the EBRD in May. Due diligence shall commence on April 1.