Friday, July 31, 2009

Successful transaction Luxoft has pulled upwards the price of other IT Companies of Russia

The information on that company Luxoft is in a stage of the conclusion of the transaction on sale of 10 % of the actions on beneficial terms to private Swiss fund, has led to growth of quotations of other players of market IT. In the Russian IT Sector restoration first signs are observed, analysts are assured.

Messages on share terms of sale in Luxoft to the Swiss fund became a positive signal for papers of other Russian IT Companies. So, actions of Open Society Armada at yesterday's trading session on the Moscow Interbank Stock Exchange have risen in price for 7,23 % with 62,76 to 67,3 Ceiling price of day – 70,45 roubles for the action. Today, the price for company papers continues to grow.

We will remind that under the informal information, in the transaction on acquisition of 10 % Luxoft, the Swiss private fund has estimated 100 % of this company in $150 million taking into account a debt and approximately in $100 million without a debt.

Luxoft, really, have estimated expensively enough, - speaks. Alexey Kurasov. , the expert of IK Finam. - By our estimations, at an available conjuncture company cost Appreciation from outside portfelnogo the investor makes $100-110 million says that he counts on preservation of good rates of increase of the company. Probably, there were any additional arrangements, for example, investment of the had means in business development is can accelerate rates of its growth. At last, in favour of appeal Luxoft clear strategy of an exit from investments – most likely, through carrying out IPO plays. In the Russian IT Sector restoration first signs are observed, - analysts of Junikredit Sekjuritiz are assured.

- It is expected that the gain from IT Services remains in 2009 approximately at level of last year in roubles. Dynamics of the price for actions of Open Society Armada during the last days.

Dynamics of the price for actions of Russian distributor Asbis.

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