The Ministry of Economy explains why the sale of Mykolaiv Alumina Plant is delayed

The government continues preparations for the privatization of Mykolaiv Alumina Plant, but the issue of military risks remains one of the main challenges. Due to the proximity of Mykolaiv region to the war zone, potential investors are still cautious about the company's prospects.

This was announced at a briefing by Daria Marchak, Deputy Minister of Economy, Environment and Agriculture of Ukraine.

According to her, MGZ is one of the largest assets among the sanctioned property that the state plans to transfer to private hands.

The Ministry of Economy notes that the plant has been preparing for privatization for several years. In January 2026, the government adopted a separate resolution defining the rules for the sale of sanctioned assets, including Mykolaiv Alumina Plant.

According to Daria Marchak, the company has significant economic potential and can bring significant added value to the region. At the same time, a number of technical and legal issues that affect the investment attractiveness of the facility need to be resolved before the sale.

One of the main problems is war risk insurance. The Ministry of Economy recognizes that due to the constant threat of shelling, international investors are cautious about the possible acquisition of assets in the frontline regions.

The government is currently working with international partners to develop mechanisms to cover war risks for large industrial enterprises.

Also, the State Property Fund of Ukraine, together with the management of MHP, continues legal and technical audits of the enterprise. The Ministry of Economy is confident that the plant will remain interesting for large specialized international companies.

As a reminder, Mykolaiv Alumina Plant is to be sold together with the sludge pits where alumina production waste is stored. These facilities are part of the company's unified property complex and will be included in the list of assets to be offered to potential investors.

Earlier, Intent wrote that Mykolaiv Alumina Plant will be put up for sale as a priority.

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

It produces fertilizers and nitrogen compounds, including ammonia and urea, and transships its own and other companies' products for export. Over 85% of its products are exported to more than 30 countries.

Андрій Колісніченко