More Than 10 Investors Show Interest in the Purchase of the Ukrainian Holding

Friday, June 11, 2021
1 MIN
More Than 10 Investors Show Interest in the Purchase of the Ukrainian Holding

Privatization of the United Mining and Chemical Company has interested investors mostly from foreign companies, said the head of the State Property Fund Dmitry Sennychenko

Operational preparations for the auction began back in 2019, but the process was delayed due to the coronavirus epidemic.
"The starting price of UMCC increased from $77 million to $136 million. At the same time, the combine's total revenue more than tripled: from $100 million in 2019 to $340 million at the end of 2020," said Sennychenko.

He added that all documents required for the privatization of the UMCC are ready and agreed upon by the auction committee and submitted for approval to the cabinet of ministers of Ukraine.

In general, since the beginning of 2020, the State Property Fund has held more than 2,000 privatization auctions, which brought more than $148 million to the state budget. In 2021, the expected revenue from privatization is $442 million.

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