Ukrainian Journal reported that Naftogaz Ukrayiny has brought in consulting firm McKinsey & Company to advise on selecting a lead manager for the company's planned initial public offering.

Mr Yuriy Boyko energy and coal industry minister of Ukraine said that Naftogaz Ukraine hopes to raise least USD 5 billion to USD 6 billion from the sale of up to 25% of its shares. This is based on the most pessimistic forecasts. An earlier sounded estimate that put the Ukrainian holding at USD 10 billion to USD 12 billion is clearly undervalued.

(Sourced from www.ukrainianjournal.com)