KYIV, July 2 – The State Property Fund (SPF) on Friday announced an auction for the privatization of United Mining and Chemical Company JSC (UMCC), so potential investors can submit applications to participate in the auction.

According to the announcement, the auction will take place on August 31 at 11:00. The starting price is UAH 3.7 billion. Applications are accepted until August 19 at 16:00 from investors who will pay a guarantee deposit of UAH 185 million and a registration fee of UAH 60,000.