Odesa Port Plant is put up for sale for 4 billion

The State Property Fund has put up for privatization auction a 99.57% stake in Odesa Port Plant. The company is one of the largest chemical complexes in Ukraine with exports to more than 30 countries.

This is evidenced by the data of the Prozorro.Sale trading system.

The State Property Fund of Ukraine has announced a new auction as part of a large-scale privatization: a 99.5667% state-owned stake in Odesa Port Plant JSC is up for sale.

This is one of the country's largest chemical complexes that produces fertilizers and nitrogen compounds, including ammonia and urea, and transships its own products and those of other companies for export. Over 85% of its products are exported to more than 30 countries.

Due to the full-scale war, the plant operated partially, so to resume full production, a large private investor is needed who will receive a promising and profitable facility with access to port facilities for loading Panamax vessels (50-60 thousand tons). Berths No. 1 and No. 2 are liquid bulk berths, No. 3 is for ammonia, and No. 4 is for liquid bulk.

SCREENSHOT: Prozorro

Production facilities include:

• 2 ammonia production units (550 thousand tons per year);
• 2 urea production units (430 thousand tons per year each);
• ammonia transshipment complexes (up to 4 million tons per year, 120,000-ton storage capacity), urea (up to 3.6 million tons per year, 80,000-ton storage capacity) and methanol (up to 1 million tons per year, 36,000-ton storage capacity);
• liquid carbon dioxide production unit (up to 16 thousand tons per year);
• a fleet of 369 vehicles.

The auction will take place on November 25, with a starting price of UAH 4.5 billion. Preparation and participation in the auction will be provided by managers of the Ukrainian Universal Exchange, who have successful experience in supporting the winners of large-scale privatizations.

In August, the government approved the conditions for the sale of shares in the Odesa Port Plant at an electronic auction. The decision was made at a meeting on August 26.

The new owner must invest more than UAH 500 million in the enterprise and restore production. The key requirements include maintaining the plant's core business for at least five years and investing at least UAH 500 million during this period.

Анна Літман