Business news from Ukraine

BDO Corporate Finance LLC, the adviser to the State Property Fund of Ukraine (SPF) on preparation for privatization and sale of a 100% stake in PrJSC United Mining and Chemical Company, to which Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region) were transferred, predicts significant competition among buyers. According to a BDO Corporate Finance press release, the privatization adviser company organized and engaged qualified consultants to audit the company’s financial statements in accordance with IFRS for the nine months of 2019, conduct environmental audit, legal, tax, financial, operational and technological due diligence, valuation of mineral reserves and a 100% stake in accordance with the plan of preparation for privatization.
In December 2019, BDO Corporate Finance began pre-marketing: studying the interest in privatization of the company among qualified potential investors, which include international strategic industrial companies, international specialized investment funds and Ukrainian industrial groups.
BDO Corporate Finance Managing Partner Vitaliy Strukov noted that the company had attracted BDO offices in the UK, Ireland, Germany, France, Belgium, Japan, Hong Kong, China, Australia, the United States and Canada to contact potential buyers faster.