At a meeting on October 11, the Government decided to sell the state-owned stake in the United Mining and Chemical Company (UMCC) for almost UAH 4 billion. This was announced by Prime Minister Denys Shmyhal.
He reminded that last week an auction had been held to privatize the state-owned UMCC, Ukraine’s major titanium ore mining and processing enterprise.
The winner of the auction offered about UAH 4 billion. It will also be obliged to invest at least UAH 400 million in the technical modernization of the enterprise. (Government portal)