The Dnipro Mineral Fertilizer Plant was sold at a huge discount
Ukravit Science Park LLC won the auction for the sale of assets belonging to the bankrupt Dniprovsky Mineral Fertilizer Plant PJSC. The company’s assets were sold at a price that was nearly 60% lower than the starting price at which the sale began.
The auction took place on June 10 in the format of a hybrid Dutch auction, which involves a gradual reduction in the lot price until a buyer emerges.
Following a previous unsuccessful auction, the starting price of the assets was reduced by 121 million UAH—from 304.9 million UAH to 183 million UAH.
As a result, the company’s assets were sold for 76.85 million UAH, which is 106 million UAH less than the starting price of the current auction.
The new owner of the assets is Ukravit Science Park LLC, which is part of a Ukrainian holding company specializing in agrochemical research, the production of plant protection products, the import of agrochemical products, and the production of micronutrients.
The single property complex put up for sale included:
- the company’s real estate;
- production equipment;
- vehicles;
- other movable property;
- intellectual property.
The Dnipro Mineral Fertilizer Plant was established in 2002 on the basis of the facilities of the Prydniprovsky Chemical Plant.
In the 2000s, the enterprise was privatized by Fedkominvest-Ukraine, a company linked to Russian businessman Alexei Fedorichev, who is currently under sanctions and is a subject of investigations in Ukraine.
Currently, the plant is part of the “Ukragrochemholding” corporation.
According to public registries, Wolfgang Friese is listed as the ultimate beneficiary of the enterprise.
In April 2025, the Commercial Court of Dnipropetrovsk Oblast declared the company bankrupt.
Financial problems at the plant had been mounting for several years. After the start of full-scale war and the blockade of maritime logistics, the situation deteriorated significantly, and in 2024, production was effectively halted entirely.
The company’s total debt to creditors exceeded 1 billion UAH.
Previously, the Cabinet of Ministers amended the rules for small-scale privatization, making open online auctions mandatory for the sale of leased state or municipal property that had undergone repairs or modernization. From now on, the non-competitive purchase of such properties at a significantly lower price is completely abolished, and the price will be determined solely by the market.
The state-owned construction company “Ukrbud” was successfully privatized at an online auction on June 18, 2025, as part of the large-scale privatization program.
The State Property Fund of Ukraine (SPFU) sold a group of non-residential premises in central Kyiv with a total area of 1,727.4 m² at an online privatization auction. Due to high competition, the lot’s price increased nearly 1,042-fold—from a starting price of 347,452 UAH to 362 million UAH.
