“The state budget received UAH 3.94 billion from the privatization of JSC “United Mining and Chemical Company”.”, — write: www.epravda.com.ua
The state budget received UAH 3.94 billion from the privatization of JSC “United Mining and Chemical Company”.
About this informs press service of the State Property Fund.
According to the acting head of the Foundation, Ivanna Smachilo, privatization of OGHC is not just the sale of a state asset, but the involvement of a strategic investor who will ensure the further development of the enterprise.
“The buyer has committed to invest at least UAH 400 million in the modernization of production. These investments create the foundations for increasing the efficiency of processing titanium raw materials and expanding the production capabilities of products with greater added value,” she said.
JSC “OGHC” is the largest producer of titanium raw materials in the country. The company includes two plants: Vilnohorsky mining and metallurgical plant in Dnipropetrovsk region and Irshansky mining and beneficiation plant in Zhytomyr region.
We will remind:
“Tsemin Ukraine” company, which belongs to Azerbaijani businessman Nasib Hasanov, became the only participant in the auction for the privatization of JSC “United Mining and Chemical Company”.
Khasanov is the owner of the NEQSOL holding, which includes, in particular, Vodafone Ukraine.
The initial cost of OGHC was UAH 3.90 billion, and Tsemin Ukraine offered UAH 3.94 billion.