Ukraine will put Sumykhimprom and the Odesa Port Plant up for privatization
The State Property Fund of Ukraine plans to hold four auctions in October 2026 for large-scale privatization and the sale of confiscated assets subject to sanctions. Among the assets that may be put up for auction are the Sumykhimprom enterprise, the Odesa Port Plant, and two assets seized as part of sanctions policy.
The government expects this to help attract private investment, restore operations at large enterprises, create new jobs, and return assets that have long been unused or belonged to Russian owners to economic circulation.
Auction schedule:
- October 13 — PJSC “Sumykhimprom.” One of Ukraine’s largest chemical industry enterprises, producing phosphate fertilizers, titanium dioxide, and industrial pigments.
- October 19 — JSC “Odesa Port Plant.” A strategic enterprise in Ukraine’s chemical industry and the largest ammonia and urea transshipment complex on the Black Sea, with well-developed production and port infrastructure.
- October 20 — Demurinsky Mining and Processing Plant LLC (sanctioned asset). One of Ukraine’s leading enterprises in the extraction and beneficiation of titanium and zirconium ores. The asset previously belonged to Russian oligarch Mikhail Shelkov.
- October 20 — “Motordetal-Konotop” LLC (sanctioned asset). One of Europe’s largest manufacturers of cylinder liners for automotive, marine, and industrial engines, as well as specialized equipment. The company previously belonged to Russian Senator Sergei Kalashnik.
“All assets will be sold through the Prozorro.Sales electronic trading system, which guarantees transparency, competition, and equal access to auctions for participants. A transparent sales procedure allows bidders themselves to determine the fair value of the assets and attract a wide range of investors,” the Ministry of Economy noted.
In accordance with the law, all proceeds from the sale of confiscated sanctioned assets will be directed to the Fund for Eliminating the Consequences of Armed Aggression. They will be used to restore housing, critical infrastructure, and other facilities destroyed as a result of Russian aggression.
At the same time, proceeds from the privatization of state-owned enterprises will replenish the state budget and be directed toward funding the security and defense sector, in particular the needs of the Armed Forces of Ukraine.
Source: Ministry of Economy
Earlier, Ukraine held its first long-term electricity auctions.
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