Odesa Portside and Mykolaiv Alumina Plants put up for sale

The government has identified the most anticipated privatization targets for the next year. Among the assets to be put up for public auction are Odesa Port Plant and Mykolaiv Alumina Plant with a total starting price of over UAH 10 billion.

The presentation of the plan was announced by Dmytro Natalukha, the head of the SPFU.

The State Property Fund of Ukraine has published a schedule of preparations for a large-scale privatization in 2026. The document contains a list of seven key assets and mineral deposits to be transferred to investors through open auctions.

According to Natalukha, the agency aims to make the process of selling state property more predictable for business and show investors in advance the priority objects, preparation stages and rules for bidding.

The Fund emphasizes that the goal is not just to hold auctions, but to prepare assets in such a way that potential buyers see the prospects for their development, are ready to invest in production, create jobs and expand business in Ukraine. That is why the government is moving from waiting for buyers to actively working to attract investors.

GRAPHIC: State Property Fund

Odesa Port Plant will be one of the largest lots. Its starting price was set at UAH 4.3 billion. Preparations for the sale and its presentation to potential investors will begin in June. The auction is scheduled to start in September.

The company is one of the country's largest chemical complexes that produces fertilizers and nitrogen compounds, including ammonia and urea, and transports its own and other companies' products for export. Over 85% of its products are exported to more than 30 countries. Last year, the OPP was already put up for auction. The new owner was supposed to invest over UAH 500 million in the company and resume production.

Due to the full-scale war, the plant was partially operational, so a large private investor is needed to restore full production, which will get a promising and profitable facility with access to port facilities.

Mykolaiv Alumina Plant will be an even more expensive asset, with a starting price of UAH 6.27 billion. The auction committee is scheduled to meet in mid-August, and the bidding is expected to begin in November.

In addition to the enterprise itself, bauxite and alumina reserves will be sold in separate lots. The starting price for bauxite will be UAH 1 billion, and for alumina - UAH 1.5 billion. For both assets, auction commissions will also meet in the first half of August, while the auction is scheduled to start in November 2026.

In May, the Ministry of Economy noted that the preparation of the plant for privatization has been going on for several years. In January 2026, the government adopted a separate resolution that set out the rules for the sale of sanctioned assets, including the Mykolaiv Alumina Plant.

Анна Бальчінос