Aequo advised NEQSOL Holding on the UAH 3.9 billion privatization of PJSC United Mining and Chemical Company

Aequo assisted NEQSOL Holding in privatizing United Mining and Chemical Company, Ukraine's largest titanium feedstock producer on all Ukrainian law matters: pre-tender legal due diligence, tender process and negotiations.

This project is of utmost importance for Ukraine's economy and its investment attractiveness for the following reasons:

Unique procedure

The privatization, conducted under the new legislative framework, is among the first major cases during the full-scale war.

Investment commitments

The new owner has committed to invest at least UAH 400 million in production modernization, maintaining the company’s core activities, and fulfilling social and environmental obligations.

Substantial payment to the state budget

Total payments to the state budget amount to nearly USD 100 million.

Strategic company

UMCC is a strategic company for Ukraine and the world, providing critically important titanium and zirconium ores.

“The successful privatization of such a large company signal to investors that Ukraine can transparently attract private capital, even during martial law,” said Michael Lukashenko, Partner at Aequo.