OREANDA-NEWS. September 21, 2009. Motor Sich (MSICH) signed an agreement with the local government in Saratov region (Russia) to build gas turbine equipment in the region, Interfax reported on Friday. The production facility will reportedly cost RUR 3.7 bln (about USD 122 mln) over six years. The deal also provides for the repair and servicing of Motor Sich-build engines at the Saratov plant.

Concorde Capital: We see this news as neutral for Motor Sich's stock as the conclusion of the agreement does not imply that the start of construction on a new plant is imminent or indeed a done deal. Motor Sich already has one plant under construction in Russia, in Dubne, whose launch has been delayed until the end of 2009.

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 Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.