New announcement on Ukrtelecom: 37.86% to be floated by end of year

28 Mar 2007

Ukraine’s State Property Fund has announced that a 37.8% stake in the country’s fixed line incumbent Ukrtelecom will be put up for sale on international stock exchanges, including London, between 1 August 2007 and the end of the year. A statement on the Fund’s website said that 50% plus one share would remain in state hands. Ukraine is hoping to raise at least EUR750 million (USD1 billion) via the listing.

Ukraine, Ukrtelecom (incl. TriMob)