State Property Fund has set a new date for an auction for privatization of JSC «UMCC» - December 20, 2021

On October 29, a new date for an auction for privatization of JSC «United Mining and Chemical Company» was determined at a meeting by the Auction Commission at the State Property Fund of Ukraine.

According to the decision, an auction for privatization of JSC «UMCC» will be held on December 20, 2021.

This decision was made due to the fact that the State Property Fund was received two applications for participation in the auction for privatization of JSC “UMCC”, and one of these applications did not meet the requirements of the current legislation.

In addition, the Privatization Advisor – «BDO Corporate Finance» LLC, on October 28, made an officialappeal addressed to the Government of Ukraine on the need to provide guarantees for the protection of future investments for participants in the auction for privatization of JSC «UMCC».