KYIV, Jan 4 – The State Property Fund of Ukraine (SPF) plans to put United Mining and Chemical Company (UMCC) at the first large privatization auctions in 2021 by the beginning of the second quarter with an initial price being from UAH 3 billion to UAH 5 billion, Head of the Fund Dmytro Sennychenko said.

"It is very important to understand that you should start with a price slightly lower (not low, but slightly lower) than the market price in order to have more participants. The starting price will vary between UAH 3 billion and UAH 5 billion. But it has not yet been finally determined," he told Interfax-Ukraine.