At a meeting on May 29, the Antimonopoly Committee granted permission for Tsemin Ukraine LLC to acquire control over United Mining and Chemical Company JSC.
This is stated in a message of the Antimonopoly Committee, the Ukrainian News agency reports.
"Tsemin Ukraine LLC has been granted permission to acquire control over United Mining and Chemical Company JSC by directly acquiring shares in United Mining and Chemical Company JSC, which ensures an excess of 50 percent of votes in the company's supreme management body," the statement said.
The AMCU's decision marks the completion of a key stage in one of the largest privatizations in the context of a full-scale war in Ukraine.
Tsemin Ukraine LLC is part of the international group of companies NEQSOL Holding.
NEQSOL Holding is an international group of companies whose main areas of activity include energy, telecommunications, and construction.
The founder of NEQSOL Holding is Azerbaijani Nasib Hasanov.
The UMCC is the largest enterprise in Ukraine for the extraction and enrichment of titanium ore concentrates.
The company includes the Vilnohirsk Mining and Metallurgical Combine (Dnipropetrovsk Region) and the Irshansk Mining and Enrichment Combine (Zhytomyr Region).
As the Ukrainian News agency earlier reported, on October 11, the Cabinet of Ministers approved the sale of 100% of the shares of JSC United Mining and Chemical Company to the NEQSOL Holding group of companies, which owns the mobile operator Vodafone Ukraine (PrJSC VF Ukraine, Kyiv), for UAH 3.938 billion.
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