The Ukrainian government today decided to sell the state’s stake in the United Mining and Chemical Company (UMCC), which was sold this week in a privatization auction. This was stated by Prime Minister Denis Shmygal.
“The United Mining and Chemical Company is the largest company in Ukraine engaged in the extraction and enrichment of titanium ores. The winner of the auction offered around 4 billion hryvnias and will also have to invest at least 400 million hryvnias. in the technical modernization of the company”, — Shmygal writes on his Telegram channel.
According to him, the privatization of state-owned enterprises is an important element for the development of the Ukrainian economy and the increase in investments.
“This is also transparency and reducing the risks of corruption, which is a systemic policy,” concluded the prime minister.
OGKH was sold to the Tsemin Ukraine company, owned by an Azerbaijani businessman Nasib Khasanovfor only 3.94 billion hryvnia (a little more than 9 billion rubles). The Tsemin Ukraine company was the only participant in the auction, KP reports.
