According to Mr Vadim Novinsky head of the holding supervisory board and its co-owner, Smart-holding one of the largest industrial holdings in Ukraine, whatever the outcome of its battle to take control of Regal Petroleum plans to make its oil and gas business public, as the holding has been actively developing the business.

He said that "That's why we decided to make an offer to Regal to enter the market at once, to be in the public sector at once,"

Mr Novinsky said that apart of oil and gas business, which Smart-holding is trying to develop, metals and agriculture are top-priority sectors for the holding. He said that "We'll continue investing into the agricultural sector. We'll expand now, we have plans to do so, but I cannot tell about everything now."

He added that Smart-holding still has an interest in shipbuilding. Novinsky said that a strong business could be built in the sector with the minimum of state support, taking into account technologies the country has as demand for shipbuilding products in the world has started recovering.

The businessman said that on the whole 2010 satisfied his expectations from the point of global economy recovery and improvement of the situation in Ukraine.

(Sourced from Interax)