KPMG in Ukraine provides advisory services to NEQSOL holding in investment deal

KPMG in Ukraine advised NEQSOL Holding in connection with their acquisition of a 100% stake in JSC United Mining and Chemical Company (UMCC), one of the largest titanium ore raw material producers in the world.

Cemin Ukraine, a subsidiary company of NEQSOL Holding, is currently in the process of purchasing 100% of shares in the state-owned UMCC following an auction to privatise the company held via the Ukrainian Prozorro.Sale platform. The privatisation deal was approved by the Cabinet of Ministers of Ukraine and State Property Fund of Ukraine and has now progressed to finalisation.

KPMG in Ukraine performed financial and tax due diligence.

Finance: Svitlana Shcherbatyuk (Project leader), Oleksandr Lepskyi, Olha Honcharenko, Petro Hrechany, Daryna Sydorenko

Tax: Oksana Olekhova, Oksana Panchenko, Oleksandr Meleshko, Anastasiia Bronishevska

Operating through its three headquarters in Amsterdam, Baku, and Kyiv; NEQSOL Holding is a global investment group that employs more than 12,000 people and manages a diverse group of businesses across 11 countries. Serving more than 25 million customers across the globe, NEQSOL Holding manages businesses in the energy, telecommunications, hi-tech, and construction sectors, and has now added metals and mining to this portfolio through its recent titanium industries acquisition.

JSC United Mining and Chemical Company is among the top-ten producers of titanium and zirconium ore concentrates in the world, producing 350,000 tonnes of titanium and zirconium ore concentrates in 2020. UMCC manages and operates Vilnohirsk Mining and Metallurgical Plant and Irshansk Mining and Processing Plant in Ukraine’s Dnipropetrovsk and Zhytomyr regions, respectively.