On July 12, the government approved the starting prices and terms of sale of the Ukraine Hotel and the United Mining and Chemical Company (UMCC) as part of a large privatization.
This was announced by the head of the State Property Fund of Ukraine Vitaly Koval.
Great privatization: Hotel Ukraine and OGKhK
According to Koval, the starting price of the Hotel Ukraine enterprise is set at 1 billion 47 million 637 thousand 152 UAH. At the same time, the starting price of JSC OGKhK — 3 billion 899 million 358 thousand UAH.
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— Already on Monday, July 15, the State Property Fund of Ukraine will hold a meeting of auction commissions for these enterprises, after which information messages about privatization auctions will be published, — he said.
Koval emphasized that the process of large-scale privatization — “this is not only about the sale of large assets and filling the state budget”, since we are also talking about attracting investments, creating new jobs, developing territories and, finally, supporting and developing the Ukrainian economy.
According to the head of the State Property Fund, all auctions for the sale of large privatization objects will be held in the electronic system Prozorro.Sales. However, during the period of martial law for objects of large privatization, repeated auctions with a reduction in the starting price will not be held.
Reference information about objects:
Hotel Ukraine is located in the center of Kyiv — 200 meters from the Maidan Independence metro station. The hotel has 365 rooms, 8 conference rooms, a business center, a restaurant and other infrastructure facilities (parking, beauty salon, laundry, etc.).
JSC OGKhK — the largest enterprise in Ukraine for the extraction and enrichment of titanium ore concentrates. The company includes the Volnogorsk mining and metallurgical plant in the Dnepropetrovsk region and the Irshansky mining and processing plant in the Zhytomyr region. Last fall, OGCC resumed shipments of ilmenite concentrate to the European market.
