The State Property Fund of Ukraine has announced a new auction for the privatization of the state share package of the ‘Titan Institute’ with a starting price of 99.77 million UAH. The bidding is scheduled for August 12. The ‘Titan Institute’ is a unique comprehensive research and design organization in Europe in the field of titanium and magnesium production, as well as primary non-ferrous metallurgy.
This is reported by Business • Media
Features of the ‘Titan Institute’ Activities
The enterprise conducts a full cycle of research and design work for the extraction of rare earth metals, including gallium, germanium, zirconium, hafnium, vanadium, tantalum, niobium, and others. The institute includes the Zaporizhzhia Metallurgical Research and Production Plant, which specializes in the production of titanium powders and products made from them.
‘Titan Institute’ is the only comprehensive research and design institution in Europe in the field of titanium and magnesium production, as well as primary non-ferrous metallurgy.
Privatization of ‘EnergoStal’ and Results of the Auction for the Capital Plant
In addition, the State Property Fund has put the Ukrainian Scientific and Technical Center for the Metallurgical Industry ‘EnergoStal’ in Kharkiv up for privatization. The state enterprise was engaged in the design, reconstruction, and re-equipment of facilities in the mining and metallurgical complex and machine engineering. The auction will also take place on August 12, with a starting price of 10.47 million UAH. Currently, the enterprise is not operational.
The auction for the sale of the ‘Kyiv Auto Repair Plant’ was also successfully completed. It was purchased by the company ‘Inter Food 2020’ for 123 million UAH, which is three times the starting price of 44.24 million UAH. Additionally, the buyer will pay over 24.6 million UAH in VAT, so the total economic effect of the transaction will reach 147.9 million UAH. The main office of the plant is located in Kyiv near the ‘Beresteyska’ metro station and Nyvky Park.