In 2025, the State Property Fund of Ukraine (SPFU) failed to sell any state-owned grain storage facilities. The Fund confirmed this in response to a request from industry outlet Elevatorist.com. The assets in question included grain elevators and grain processing facilities, traditionally considered attractive to agricultural investors. However, amid the war, logistical risks, and ongoing legal disputes, demand proved minimal.
Six Attempts to Sell Nepolokovetskyi KHP — No Bids
Throughout 2025, the SPFU repeatedly announced auctions for the sale of the single property complex of the state enterprise Nepolokovetskyi Grain Products Plant (storage capacity: 48,000 tonnes). However, the auctions failed due to the absence of potential buyers.
As of February 2026, the asset has once again been listed for privatization — marking the sixth attempt to sell it. The auction is scheduled for 23 February 2026 via the Prozorro.Sale system.
Market experts cite several key reasons for the low level of investor interest:
- the need for significant capital expenditure to modernize the facilities;
- uncertainty regarding capacity utilization;
- broader war-related risks and logistical constraints;
- the lack of vertical integration within the state-owned asset structure.
“Grain Processing Complex” Eventually Sold
Another asset — the unfinished “Grain Processing Complex” with a capacity of 2,200 tonnes — also failed to attract buyers in 2025. However, on 6 February 2026, the asset was ultimately privatized by Sosnova Agro.
This case suggests that the market may be willing to acquire smaller or niche assets where the business model is clear and required completion investment remains moderate.
Novopokrovskyi KHP — Auction Cancelled Due to Litigation
In 2025, the state enterprise Novopokrovskyi Grain Products Plant, with storage capacity of 54,000 tonnes, was also scheduled for privatization. However, the auction was cancelled due to a court dispute that could affect the composition of the company’s assets.
In December 2021, Ukraine’s anti-corruption authorities (NABU and SAPO) notified the former head of the plant of suspicion in a case involving alleged embezzlement of UAH 157m. This factor has also negatively affected the asset’s investment appeal.
Selective Privatization in Agribusiness
Despite the failure to sell grain-related assets, the SPFU completed the privatization of three other agribusiness assets in 2025, located in the Lviv, Zhytomyr, and Kyiv regions. These included enterprises in the spirits industry and a coconut drying facility. Total proceeds from these sales amounted to UAH 321.8m.
This indicates that demand persists in certain segments of the agro-industrial sector, although investors appear more cautious regarding large infrastructure assets, particularly those tied to grain logistics.
New Assets in Small-Scale Privatization
As of 16 February 2026, six additional state-owned grain products plants and four grain bases have been added to the small-scale privatization list. The assets are currently being prepared for sale, with auctions expected to be announced through the Prozorro.Sale system.
The SPFU emphasizes that, under current legislation, all state-owned agro-industrial assets not subject to specific restrictions are eligible for privatization.
InVenture Offer
Sale of a 30,000-Tonne Grain Elevator in Vinnytsia Region
A fully operational linear grain elevator with a simultaneous floor storage capacity of 30,000 tonnes is offered for sale in the village of Karolina, Vinnytsia region, located directly adjacent to the Karolina railway station of the Southwestern Railway.
