Editor’s note:

The privatization of the United Mining and Chemical Company was poorly executed and rushed. The State property fund claimed there were no potential bidders ready for an auction. Why is the government being in a such rush to sell this enterprise? Why were the 29 potential investors not given the time to analyze the company? If the government wants to receive the highest price for the company it should allow investors to undertake Due Diligence. The pattern of fast-tracking privatization is not new in Ukraine. When an attractive and profitable enterprise is sold at a low price, the state does not receive the market value of the enterprise, qualified investors are excluded, and the only ones who benefit are corrupt politicians. If you want to make money, you should be in business and not the Verhovna Rada. Times up!