25 November 2025
(Odesa Port Plant. PHOTO: State Property Fund)
On Tuesday, November 25, an auction for the privatization of Odesa Port Plant JSC was scheduled in the Prozorro.Sale system with a starting price of UAH 4.49 billion. Due to the absence of registered bidders, the auction was declared void.
This was reported by the State Property Fund of Ukraine.
The conditions for the privatization of this asset were initially difficult, as the facility requires significant investment and specialized expertise. The market has shown interest in the enterprise, while international partners have emphasized the need for additional time and adjustment of certain conditions for full participation.
We are currently working with all stakeholders to develop a more balanced and attractive package of conditions.
Odesa Port Plant JSC is one of the largest chemical enterprises in Ukraine, located in Pivdenne, Odesa region. The company specializes in the production of ammonia and urea and the transshipment of chemical cargo through a sea terminal. Since the beginning of the full-scale invasion, the main production of the OPP has been in a downtime/conservation mode, and the company performs limited logistics functions.
The investment obligations facing a potential investor are to maintain the plant's core activities, invest at least UAH 500 million in capacity modernization and production development, and pay off wage and budget arrears within 12 months. As of the end of June 2025, they amounted to over UAH 366.8 million. The investor also has to repay overdue accounts payable in stages (except for the claims of sanctioned persons and entities related to Russia and Belarus).
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