NEQSOL Holding, owner of Vodafone Ukraine, the second-largest mobile operator in Ukraine, has completed paying 3.94 billion Ukraine hryvnia to the Ukraine state budget for the acquisition of United Mining and Chemical Company (UMCC) in a privatization auction.
"The auction winner has fully paid off the state-owned shares of Ukraine's largest titanium ore producer. In addition, the new owners committed to investing at least 400 million Ukraine hryvnia (UAH) in production facilities to ensure further development of the business,"said the State Property Fund (SPF).
Volodymyr Lavrenchuk, regional director of NEQSOL Holdings, stressed that the international group, which operates in 11 countries, is following all legal procedures to complete the privatization process.
"As strategic investors, we have begun discussions with specialist companies from the United States, Australia, the United Kingdom and Canada to bring in the best global expertise to develop a new UMCC strategy. The strategy includes fulfilling privatization commitments, implementing comprehensive modernization and expanding global markets,"he said. The State Property Fund said that a large-scale privatization process is underway and that on December 19, 2024, 100% state-owned shares of state-owned building materials manufacturer Aeroc LLC will be auctioned online on the Prozorro.Sale electronic trading system at a starting price of 965.3 million Ukraine hryvnia.
The State Property Fund recalled that considering the sale of Ukraine hotels earlier this year, the total proceeds from this year's large-scale privatization have exceeded 6.4 billion Ukraine hryvnia.
