The State Property Fund of Ukraine (SPFU) is auctioning off the first large-scale privatization project, the United Mining and Chemical Company (UMCC). Facebook The head of the State Property Fund, Dmitry Sennichenko, reported.
"The State Property Fund of Ukraine is taking concrete steps towards large-scale privatization!
Today, the auction committee successfully held a meeting:
UAH 3,700,000,000 is the starting price determined and proposed by the privatization adviser of United Mining and Chemical Company JSC.
OGKhK will be the first asset put up for auction in the large-scale privatization process!
The price is based on the results of a comprehensive audit and a full assessment of the enterprise's material and technical support.
The following factors influenced the formation of the starting price:
▫️ UMMC reserves doubled;
▫️ titanium market conditions and price increases;
▫️ Improvement of financial performance, in particular growth of operating profit.
The auction committee determined the terms of the sale, which will be submitted to the Cabinet of Ministers for approval.
The privatization of the company does not pose any economic or security risks to the Ukrainian economy.
More than 10 companies have already expressed preliminary interest in the privatization auction," Sennichenko said in a statement.
Ранее Skelet.Org reported that The Security Service of Ukraine and the Prosecutor's Office blocked the export of $6 million worth of unpaid products from OGKhK.
In topic: How the head of the State Property Fund, Sennichenko, became a sponsor of Poroshenko and Kononenko
They won't catch us! Why won't OGKhK stop shipments to Crimea?
Skelet.Org
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