Concorde Capital: Ukraine’s Second Largest Broker In 2005

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In only its first year in existence, Concorde Capital was able to outperform 85 of 86 banks and brokerage houses.

Concorde Capital was Ukraine’s second largest stock broker in terms of equity trading volume, the PFTS (Ukraine’s Nasdaq like index) announced on Friday.

In only its first year in existence, Concorde Capital was able to outperform 85 of 86 banks and brokerage houses, finishing just behind Dragon Capital but ahead of Renaissance Capital and all other foreign & local competition. The year, which opened with the successful 'Viva la Revolucion' conference and closed with over $58 mln in equity placements, saw Concorde Capital quickly rise as a top-tier investment bank. Managing Partner John Suggitt identifies two major components in Concorde's winning strategy. "First of all, and most importantly, it's the high quality of the people we have attracted from around the world. It is only our first year of operation and we have certainly picked up speed throughout the year. In the second half we were easily the top investment bank."

Concorde Capital’s ground breaking research has given the brokerage firm a reputation for being the prime source of reliable information on Ukrainian business. Concorde opened its investment banking division in 2005 and already has arranged and coordinated investments in the Ukrainian chemical, automotive, oil and gas and banking sectors. This includes placing a 5% stake in AvtoKrAZ for USD 4.5 mln, a 12% stake in Galnaftogas for 13 mln, a 7% stake in Dniproazot for USD 7.3 mln and a 10% stake in Bank Forum for USD 20 mln. In addition, Concorde teamed up with Colliers International to launch a USD 100 mln real-estate fund, targeting projects in the office, retail, logistics and residential sectors of Ukraine's real estate market. The fund is set to close on February 1, 2006.

As Ukraine moves closer to Europe, the market is becoming increasingly efficient. The change in the country since 2004 has been substantial; companies across Ukraine are abandoning transfer pricing and increasing transparency. Ukraine’s industries have realized that modernization is the only way to keep their products competitive and have started to tap into international capital markets to finance their Capex programs. Some of the west’s largest industrial companies have already noticed these changes and have shown willingness to pay a premium to get into the Ukrainian market. With the privatization of some of Ukraine’s largest industries on the agenda, 2006 is poised to be vintage year.

Contact Concorde Capital:

Peter Bobrinsky, Director of Equity Sales

+380 44 206 8370

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Peter Bobrinsky
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