Ukraine plans sale of titanium plant seized from Russian oligarch amid strong interest
Ukraine’s State Property Fund plans to sell the Demurinsky Mining and Processing Plant, which mines and processes titanium-zirconium ores, on Oct. 20, Interfax-Ukraine reported on Sept. 4.
On September 4, Ukraine's State Property Fund announced plans to auction the Demurinsky Mining and Processing Plant, which has been seized from Russian oligarch Mikhail Shelkov. The plant, located in Mykolaiv, specializes in titanium-zirconium ore mining and processing. State Property Fund head Dmytro Natalukha revealed that there is significant investor interest in the asset, though it is unclear whether any buyers have emerged.
Natalukha discussed the plant at Mining Day, an annual event organized by the European Business Association. While foreign investors have shown interest, he pointed out several risks, including the plant's proximity to the gray zone and export controls. Natalukha also highlighted the Mykolaiv Alumina Plant as another potential asset, noting its status as a technologically advanced facility under sanctions.
The auction of the Demurinsky plant is expected to take place in October, with a starting price of 1.82 billion hryvnias.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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