The State Property Fund explained why the Demurinsky Mining and Processing Works LLC was not auctioned together with the United Mining and Chemical Company JSC.
The key reason was the preparedness for privatization. UMCC was already prepared for the auction, while adding DGOK would have delayed the process.
Moreover, consultations with promising buyers showed that the merger of the assets was not necessary. Interested investors will be able to buy each enterprise separately.
Funds from the sale of UMCC will be transferred to the state budget, while from DGOK to the Fund for the liquidation of consequences of the Russian military aggression.
UMCC will be auctioned on October 9 with the starting price of 3.9 billion UAH. (Ukrainian metal)