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Stock impact report

Ukraine Sells Titanium Producer in Rare Wartime Privatization [Financial Post (Toronto, Ontario, Canada)]

Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD) 
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Ukraine said it accepted an offer for a state-run titanium producer in a rare wartime privatization deal as the government grapples with mounting pressure on the wartime budget. A bid of 3.94 billion hryvnia ($96 million) for UMCC-Titanium was approved, the State Property Fund said Wednesday in a website statement. Cemin Ukraine, a Neqsol Holding unit, was the only participant in the auction. Even before the start of the war in February 2022, the government in Kyiv struggled to sell assets due to a poor investment climate marred by corruption. Now with military spending boosted to help fight Russian advances in the east, the Finance Ministry has become increasingly reliant on foreign aid and the domestic bond market to address a budget gap of around 20% of economic output this year. “The budget will receive a significant resource for strengtheni Show less Read more
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