The Odessa Port Plant Is Up for Sale Again: When Will the Auction Take Place?
22 July 06:50
The State Property Fund of Ukraine has set the date for the privatization of one of the country’s largest chemical enterprises—Odesa Port Plant JSC (OPZ). An online auction to sell the state’s stake in the company will take place on October 19, 2026. This was announced by the SPFU’s press service, according to "Komersant Ukrainian"
When Will the Privatization of the Odesa Port Plant Take Place?
The State Property Fund’s Auction Commission has determined that the electronic auction for the sale of 99.5667% of the shares in JSC “Odesa Port Plant” will take place on October 19, 2026.
The decision was adopted during a commission meeting chaired by Vitaliy Kovalenko, deputy chairman of the State Property Fund.
Commission members also approved a draft announcement regarding the sale of the enterprise, which will soon be published on the State Property Fund’s official website and in the “Prozorro.Sales” electronic system.
What Will Be the Starting Price for OPZ?
Back on July 15, 2026, the Cabinet of Ministers approved the terms of the company’s privatization and set the starting price for the state-owned stake.
The starting price is over 4.3 billion hryvnias.
In addition to the purchase price of the asset, the future investor must fulfill a number of investment obligations.
What conditions have been set for the potential buyer?
One of the key requirements for privatization will be a mandatory investment of at least 500 million hryvnias in the company’s development.
Specifically, the investor must:
- modernize production facilities;
- improve the company’s energy efficiency;
- ensure the restoration of stable plant operations;
- contribute to increasing OPZ’s competitiveness.
The State Property Fund emphasizes that such investments should serve as the foundation for the long-term development of one of Ukraine’s largest chemical manufacturers.
What Will Be Announced Before the Auction
In the near future, the State Property Fund will publish a comprehensive information notice regarding the sale of the enterprise.
The document will include:
- the starting sale price;
- the date of the auction;
- requirements for potential investors;
- the procedure for participating in the auction;
- a complete list of privatization terms and conditions.
Why the Previous Privatization Attempt Failed
This is not the first attempt to sell the Odesa Port Plant.
The previous electronic auction, scheduled for November 25, 2025, did not take place due to a lack of registered participants.
At that time, the starting price for the enterprise was 4.448 billion hryvnias.
Previously, the agricultural holding Kernel and the company Agro Gas Trading had expressed interest in acquiring the plant, but the auction never took place.
