Private joint-stock company United Mining-Chemical Company, which the State Property Fund (SPF) of Ukraine jointly with the advisor BDO is preparing for privatization, is of the biggest interest among potential buyers, Head of the SPF Dmytro Sennychenko has said. “United Mining-Chemical Company is still the flagship of large-scale privatization: according to the advisor BDO, which is completing the preparation of marketing materials, 16-18 companies have already announced their intentions to take part in the competition,” he said in an interview with Interfax-Ukraine.
“Among them are two Ukrainian holdings, and the rest are well-known international companies: Japanese, Australian and others that will compete, having received information about the company, about reserves, about deposits,” Sennychenko said.
He explained this significant interest in the competition by the fact that titanium production has a value chain from final consumers to semi-finished products and titanium sponge manufacturers and ore mining companies.
“We will look at the profiles of these customers together with the relevant services and analyze them from the point of view of strategic security… We will carefully look at what holdings are there, what is the ownership structure,” the head of the SPF said. He called the publication about the alleged preparation of this facility for sale to buyers from Russia stove-piping.
Sennychenko recalled that the advisor and international professional companies, together with the SPF and the competition commission, will prepare draft conditions for potential buyers. However, the Cabinet of Ministers will finally approve these conditions.
