Machinery
December 1, 2009Luhanskteplovoz —happy ending ahead?Luhanskteplovoz (LTPL UZ, HOLD) is the largest manufacturer of locomotives in Ukraine. The Company has a diversified product range, including turn-aroundrigs, trams, mine conveyors, and drive tractors for mines, while the core production is diesel and electric locomotives. After the latest move to re-privatize the Company (a 76% stake was transferred to the State Property Fund), the key issue for LTPL is whether or not Transmashholding will secure its control over the Plant. We present you our view on the situation and the possible outcome.