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In the struggle for Ukrainian Titanium Plant will participate LCMA and Tolexis Trading

According to information made public by the representatives of the State Property Fund of Ukraine, the struggle for Zaporozhye Titanium-Magnesium Plant has joined two contenders: «Luxembourg Company of Metals & Alloys» and «Tolexis Trading».

The first of the above-mentioned potential buyers of the plant is registered in Luxembourg (Western Europe). Its owner is a businessman Igor Turkin. This organization already has one major asset titanium industry: it belongs to the Russian company from this industry sector — Company «Stupino Titanium Company».

The second potential owner of the shares ZTMC — Cyprus «Tolexis Trading Limited» — controlled by Ukrainian businessman Dmitry Firtash. For this buyer Zaporizhzhya plant and (if successful) will be the «first signs» on a winged metal: in the investment portfolio «TT» are securities LLC «Rolls-ilmenite» and «Mezhdurechensk Mining», specializing in the production of titanium ore and production concentrate based on this resource.

SE «Zaporozhye Titanium-Magnesium Plant» — metallurgical company, founded in 1935. In the capacity of the plant is made sponge titanium tetrachloride and titanium hydride, ferrotitanium, and other derivatives of the metal. Earlier this year, the Cabinet of Ministers of Ukraine issued a decree authorizing the privatization of half of the organization's assets (49% of the portfolio), and last month the State Property Fund announced a tender for the right of possession of the package.

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