On Friday, the Ukrainian government approved the terms of privatization of United Mining and Chemical Company (UMCC), which has been given control of Vilnohirsk Mining and Metallurgical Plant (VMMC, Dnipropetrovs’k region) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), setting the starting price at UAH 3 billion 899.358 million.
“To take note of the starting price of the stake set by the advisor BDO Corporate Finance LLC in the amount of UAH 3,899,358,000 (three billion eight hundred and ninety-nine million three hundred and fifty-eight thousand),” the Cabinet of Ministers said in its resolution No. 643 of July 12 on its website.
It is specified that all 1 billion 944 million shares, which is 100% of the authorized capital, will be put up for sale.
Earlier, the State Property Fund pointed out that the sale of UMCC belongs to large-scale privatization, as it is the sale of state assets with a book value of more than UAH 250 million. Earlier, the SPF has already held auction commissions for the sale of the Ukraina Hotel, UMCC and the state share in the authorized capital of Lybid Investment Union LLC (Ocean Plaza shopping center). Auctions for the sale of these assets will be announced after the Cabinet of Ministers approves the starting prices and terms of sale. All auctions will be held in the state electronic system Prozorro.Sale. The proceeds from the privatization of state-owned enterprises will go to the state budget of Ukraine, and the proceeds from the privatization of nationalized assets will go to the fund for liquidation of the consequences of armed aggression.
The United Mining and Chemical Company began its actual operations in August 2014, when the Ukrainian government decided to transfer the property complexes of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovska oblast) and Irshansk Mining and Processing Plant (IGOK, Zhytomyrska oblast) to its management. On December 8, 2016, the state-owned enterprise was transformed into PJSC UMCC, and on December 26, 2018, it was transformed from PJSC to PrJSC.
UMCC used to sell its products to more than 30 countries. The main sales markets were the EU, China, Turkey, as well as the USA and African countries.
Dynamics of import of goods in Jan-Apr 2024 by most important items in relation to same period of 2023, %
Source: Open4Business.com.ua and experts.news
In January-June this year, Ukraine increased imports of coke and semi-coke in physical terms by 3.3 times compared to the same period last year, up to 295.199 thousand tons.
According to statistics released by the State Customs Service (SCS) on Tuesday, coke imports in monetary terms increased 2.37 times to $105.769 million during this period.
The imports came mainly from Poland (86.47% of supplies in monetary terms), Hungary (4.03%) and China (3.63%).
In the first six months of the year, the country exported 749 tons of coke worth $171 thousand to Moldova (99.41%) and Latvia (0.59%), while in January and March 2024, there were no exports.
As reported, in 2023, Ukraine reduced imports of coke and semi-coke in physical terms by 8.5% compared to 2022 – to 328.697 thousand tons, while imports in monetary terms decreased by 25.8% to $129.472 million.
In 2023, Ukraine exported 3,383 thousand tons of coke, down 12.3% compared to 2022. In monetary terms, it decreased by 22.2% to $787 thousand.
Exports were carried out to Moldova (100% of supplies in monetary terms), while imports were mainly from Poland (88.47%), Colombia (7.72%) and the Czech Republic (3.15%).
In January-June of this year, Ukrainian mining companies increased exports of iron ore in physical terms by 2.2 times compared to the same period last year, to 18 million 315.164 thousand tons.
According to the statistics released by the State Customs Service on Tuesday, foreign exchange earnings from iron ore exports increased by 78.8% to $1 billion 602.255 million over the period.
Iron ore was exported mainly to China (38.66% of supplies in monetary terms), Slovakia (16.46%) and Poland (15.83%).
In January-June 2024, Ukraine imported iron ore worth $151 thousand in the total amount of 330 tons, while in January-June 2023 it imported iron ore worth $42 thousand in the total amount of 68 tons. Imports this year were carried out from the Netherlands (47.02%), Italy (19.87%) and Norway (18.54%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
Farmers in all regions of Ukraine have already harvested 9.5 million tons of new crops from 2.785 million hectares, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the press service, 5.7 million tons of wheat were harvested from 1.508 million hectares at a yield of 33.8 c/ha, 2.4 million tons of barley from 642.3 thousand hectares at a yield of 38.9 c/ha, 260.9 thousand tons of peas from 127.3 thousand hectares at a yield of 20.3 c/ha.
Ukraine also continues harvesting oilseeds. In particular, 1.085 mln tons of rapeseed have been harvested from 499.6 thou hectares with a yield of 15.3 c/ha and 0.3 thou tons of soybeans from 0.2 thou hectares with a yield of 19.3 c/ha.
At the same time, the TOP-3 in terms of grain harvesting rates includes farmers of Mykolaiv region – 484.1 thou hectares, Odesa region – 464.5 thou hectares, and Dnipropetrovs’k region – 319.4 thou hectares.
Ivano-Frankivsk region is the leader in terms of yields with 66.6 c/ha.
In the Kherson region, farmers have started harvesting millet, with 50 hectares threshed and 50 tons of seeds harvested.
The Antimonopoly Committee of Ukraine has granted Kovalska Real Estate LLC permission to acquire a stake in the authorized capital of Kudryavsky Administrative and Warehouse Complex LLC, the agency’s website reports.
The Ministry made the decision on Thursday.
According to the report, Kovalska Real Estate LLC received permission to acquire a stake in ASC Kudryavsky, which ensures that the company’s supreme management body exceeds 50% of the votes.
According to Opendatabot, the owners of Kudryavsky JSIC are Atlas Mutual Fund (50%) and AMC Ukrainian Investment Society (50%), with Bohdan Serotiuk and Yuriy Sokolnytsky listed as the ultimate beneficiaries.
Kovalska Real Estate LLC is part of the Kovalska group and is engaged in residential construction. Its portfolio includes more than 20 completed residential projects.
As reported, in 2021, Kovalska Group announced its intention to revitalize the territory of the Kyiv Distillery in the Shevchenkivskyi district of Kyiv at 16A Kudriavska Street. The plant covers an area of about 2 hectares. Its buildings built in 1896 are recognized as an architectural monument of local significance, and the facade is under protection.
Kovalska Industrial and Construction Group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw materials extraction, production and construction. Its products are represented by the brands Concrete by Kovalska, Avenue, and Siltek. Kovalska’s enterprises operate in Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in Kherson region has not been operating since the beginning of the occupation.
