NEQSOL Holding, after the purchase of Ukraine’s titanium giant, attracts foreign companies to develop a new strategy for the enterprise.

NEQSOL Holding, the owner of the second-largest Ukrainian mobile operator, Vodafone Ukraine, has paid ₴3.94B to the state budget of Ukraine for the purchase at the privatization auction of the largest producer of titanium raw materials in the country, the United Mining and Chemical Company (UMCC). The new owner also undertook important investment commitments: to invest at least ₴400M to modernize production, which will enable the enterprise’s further development.

NEQSOL Holding noted that the international group of companies, which conducts business in 11 countries, is taking steps required by law to complete the privatization process.

“As a strategic investor, we have already started negotiations with some specialized companies from the US, Australia, Britain, and Canada to attract the most experienced global companies to develop the new strategy of UMCC. This strategy involves the fulfillment of privatization obligations, deep modernization, and expansion in international markets,” the company added.