The Ukrainian government has approved the terms of a tender for the sale of United Mining and Chemical Company with a starting price of UAH 3.7 billion.
The government informed Interfax-Ukraine that the Cabinet of Ministers adopted the corresponding decision at a meeting on June 16.
Earlier that day, the State Property Fund at the Ukraine.30 forum announced the holding of this tender in August this year.
Head of the State Property Fund Dmytro Sennychenko explained to the Interfax-Ukraine agency on the sidelines of the forum, the fund submitted the necessary documents to the government on April 27.
“We have done our job. As soon as the Cabinet of Ministers makes a decision, it will take two months until the auction,” Sennychenko said.
United Mining and Chemical Company state enterprise began its actual activity in August 2014, when the government of Ukraine decided to transfer to its management the property complexes of Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region). Then it was transformed into PJSC, and then – into PrJSC.
