(Read the full article on unian.ua)

The privatization auction of JSC United Mining and Chemical Company, which is the first object of the large-scale privatization campaign, will take place on August 31 this year, UNIAN reported.

The State Property Fund restored state control over the facility, normalized the financial and logistical condition of the enterprise, and provided transparent access for investors to information on available deposits.

This is stated in the material of the publication “NV Ukraine”.

“In 2020, the State Property Fund changed the management of the company to prevent further money laundering from OGHC and protect the company from the influence of oligarchs. My principled position is that the era of oligarchy is coming to an end, corruption schemes must be destroyed, and an honest investor must come to the company, ”said Dmytro Sennychenko, chairman of the State Property Fund of Ukraine.

The initial starting price of OGHC JSC was 1.6 billion lower, but increased due to a change in management, improved financial performance and an increase in the balance of mineral reserves. The starting price of the company will be 3.7 billion hryvnias, and 13 international companies have expressed interest in participating in the auction.