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Tymoshenko brands Naftogaz IPO plan ‘corruption scandal’ and ‘crime’
Journal Staff Report

KIEV, March 25 – Ukrainian opposition leader Yulia Tymoshenko on Friday attacked the government’s plans to sell Naftogaz Ukrayiny shares through a future IPO as a “corruption scandal” and a “crime.”

Ukraine planned to raise up to $6 billion from selling an undisclosed amount of shares at the IPO that may take place in 2012 or in 2013, according to people familiar with the plans.




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