Government Eyes Vertically Integrated Structure for Centrenergo
OREANDA-NEWS. On 27 August 2009 was announced, that Prime Minister Yulia Tymoshenko said at a press conference that within the next two weeks the Cabinet of Ministers will examine creating a vertically integrated state company including Centrenergo (CEEN) and state-owned coal enterprises Rovenkiantratsit and Sverdlovantratsit.
Concorde Capital: In the long-term, creation of this holding could be beneficial for Centrenergo if the structure of the holding is clear and there is no transferring of profits between the entities. The two named state mining companies are among best in terms of cost efficiency, thus they are not as dependent on state subsidies as others are. Integration with coal mines would guarantee Centrenergo's supply side in long-term, when its capacity utilization is expected to increase.
Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering
Комментарии