The State Property Fund of Ukraine has released the privatization schedule for OPZ, MGZ, Ocean Plaza, and Sumykhimprom
28 April 12:14
The State Property Fund of Ukraine plans to put a number of large assets up for sale in 2026, including the Odesa Port Plant, the Ocean Plaza shopping mall, the Mykolaiv Alumina Plant, Sumykhimprom, and the Demurinsky Mining and Processing Plant. The updated privatization schedule for the SPFU’s largest assets was presented during a briefing on the first 100 days of the new team led by Dmytro Natalukha, reports "Komersant Ukrainian"
According to the Fund’s plan, the Odesa Port Plant may be put up for sale in July–August, the Ocean Plaza shopping mall in September–October, and the Mykolaiv Alumina Plant in November–December 2026.
Some of the assets are subject to sanctions and were transferred to the state by a decision of the High Anti-Corruption Court.
Which assets does the State Property Fund plan to sell?
According to the presented schedule, the State Property Fund is preparing both large industrial enterprises and commercial real estate for privatization.
| Asset | Estimated sale date | Estimated starting price |
|---|---|---|
| Odesa Port Plant JSC | July–August 2026 | Approximately $106 million |
| Demurinsky Mining and Processing Plant LLC | August–September 2026 | approx. $38 million |
| Ocean Plaza Shopping Center | September–October 2026 | approximately $100 million |
| Mykolaiv Alumina Plant LLC | November–December 2026 | approx. $86 million |
| Sumykhimprom JSC | June–July 2026 | approximately $24 million |
| Indar PJSC | late 2026–early 2027 | approximately $24 million |
In addition, the privatization of MotorDetal-Konotop LLC and Hlukhiv Quartzite Quarry LLC is scheduled for June–July.
The Odessa Port Plant is slated for sale this summer
The Odessa Port Plant is set to become one of the key assets in the large-scale privatization drive. It is planned to be put up for sale in July–August 2026 with an estimated starting price of approximately $106 million.
“As Natalukha reported at the presentation, four non-disclosure agreements have been signed with interested buyers to review the plant’s financial and operational information, and preliminary negotiations are underway with potential investors from Ocean Plaza,” writes Interfax-Ukraine.
This gives potential investors access to the company’s financial and operational information to assess the possibility of participating in the privatization.
It was previously reported that among the potential investors are three Western companies and one investor from the Middle East.
Ocean Plaza is being prepared for sale in the fall
The State Property Fund plans to put the Ocean Plaza shopping and entertainment center in Kyiv up for sale in September-October 2026. The estimated starting price for the asset is approximately $100 million.
The State Property Fund is already conducting preliminary negotiations with potential investors regarding this property.
Ocean Plaza is one of Kyiv’s most famous shopping centers, so its privatization could become one of the most high-profile deals of the year.
The Mykolaiv Alumina Plant may be sold at the end of the year
The Mykolaiv Alumina Plant is scheduled to be put up for sale in November–December 2026. The estimated starting price of the asset is approximately $86 million.
The Mykolaiv Alumina Plant is one of the largest non-ferrous metallurgy enterprises in Ukraine.
It was previously linked to Russian businessman Oleg Deripaska, but the asset was later transferred to the state as part of sanctions policy.
Some of the assets are subject to sanctions
The State Property Fund emphasizes that MGZ, Ocean Plaza, Demurinsky GOK, “Motordetal-Konotop,” and “Hlukhiv Quartzite Quarry” are sanctioned assets. They were transferred to the state pursuant to decisions by the High Anti-Corruption Court.
A significant portion of these assets is planned to be put up for sale in pools, i.e., as combined packages. For example:
- MGZ — 170 assets;
- Demurinsky Mining and Processing Plant — 17 assets;
- “Motordetal-Konotop” — 3 assets.
This approach is intended to simplify the sale of complex property portfolios and make them more understandable to potential buyers.
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How much has the State Property Fund earned from privatization in 2026
Since the beginning of the year, the State Property Fund has held 90 successful small-scale privatization auctions totaling 983.3 million UAH.
This is nearly half of the annual budget revenue target from privatization, which stands at 2 billion UAH for 2026.
During the presentation, Minister of Economy, Environment, and Agriculture Oleksiy Sobolev stated that 2026 should be a pivotal year for large-scale privatization.
“We understand that most of the enterprises transferred by the government to the Fund have a complicated history: debts, lawsuits, and unresolved rights. In the first 100 days, Dmytro Natalukha’s team began by auditing the portfolio, reviewing current operations, and preparing for systemic changes. The first results are already in: nearly UAH 1 billion to the state budget through small-scale privatization and 90 successful sales. This is a good pace, and we hope the Fund will maintain it going forward,” Sobolev noted.
According to him, the SPFU expects to successfully sell a number of landmark assets, including: the Odesa Port Plant, Sumykhimprom, the Mykolaiv Alumina Plant, the Ocean Plaza shopping mall, and the Demurinsky Mining and Processing Plant.
“It is the sale of these assets that will serve as the main indicator of the State Property Fund’s effectiveness in privatization. We aim to exceed last year’s result of over 9.5 billion hryvnias in budget revenues,” the minister noted.
The government wants to speed up privatization
Oleksiy Sobolev also reported that the government, together with the State Property Fund of Ukraine, is working on changes designed to make privatization faster, clearer, and more predictable for investors.
“Together with the SPFU, we are working on changes designed to make privatization faster, more transparent, and more predictable for investors. The transparent digital auction on Prozorro.Sales is already operational. The next step is better preparation of assets, high-quality information for potential buyers, simplification of procedures, and strengthening the protection of the rights of those who have purchased assets from the state,” the minister emphasized.
According to him, this should foster trust, competition, a better price for the budget, and more effective management of enterprises after the sale.
Why large-scale privatization is important for the budget
The sale of large state-owned and sanctioned assets can provide the budget with additional revenue and attract investors to enterprises that need modernization, capital, and new management.
In 2025, privatization revenues exceeded UAH 9.5 billion. The government and the State Property Fund of Ukraine (SPFU) expect not only to maintain the pace of small-scale privatization in 2026 but also to conduct several landmark deals in large-scale privatization.
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