The State Property Fund of Ukraine has presented a plan for the large-scale privatization of major state-owned assets that are expected to be put up for sale during 2026, with a phased schedule by month and sector.
According to the schedule, one of the key assets will be Odesa Portside Plant, which is planned for sale in July–August with a starting price of around $106 million. Next, in September–October, Kyiv’s Ocean Plaza shopping and entertainment center, valued at approximately $100 million, is expected to be offered for privatization. The cycle of major transactions is planned to be completed in November–December with the sale of Mykolaiv Alumina Plant at a starting price of around $86 million.
In addition to these three largest assets, the SPFU also plans to sell Demurinsky Mining and Processing Plant in August–September for approximately $38 million. Earlier, in June–July, the privatization of several smaller enterprises is planned, including Sumykhimprom at around $24 million, Motordetal-Konotop, and Hlukhiv Quartzite Quarry. Another asset, Indar, is expected to be put up for sale at the end of the year or at the beginning of the next one, also with an estimated value of around $24 million.
It is separately noted that some of these assets are so-called sanctioned assets that were transferred to the state by decision of Ukraine’s High Anti-Corruption Court. These include Mykolaiv Alumina Plant, Ocean Plaza, Demurinsky Mining and Processing Plant, Motordetal-Konotop, and Hlukhiv Quartzite Quarry.
The Fund also reported that a significant share of such assets will be sold not separately, but in the form of asset pools. For example, in the case of Mykolaiv Alumina Plant, this involves 170 assets; for Demurinsky Mining and Processing Plant — 17 assets; and for Motordetal-Konotop — 3 assets.
According to SPFU Head Dmytro Natalukha, four non-disclosure agreements have already been signed with potential investors interested in acquiring Odesa Portside Plant, allowing them to review the company’s financial and production documentation. Preliminary negotiations regarding Ocean Plaza are also ongoing.
Since the beginning of the year, the Fund has already held 90 successful small privatization auctions, generating around UAH 983.3 million against an annual revenue target of UAH 2 billion. The government expects 2026 to become a key year for large-scale privatization, with total budget revenues exceeding last year’s result of more than UAH 9.5 billion.
Minister of Economy, Environment and Agriculture Oleksii Sobolev emphasized that the successful sale of the largest assets — Odesa Portside Plant, Sumykhimprom, Mykolaiv Alumina Plant, Ocean Plaza and Demurinsky Mining and Processing Plant — will be the main indicator of the Fund’s performance.
He also noted that the state, together with the SPFU, is working to reform the privatization process by improving asset preparation, enhancing the quality of information available to investors, simplifying procedures, and strengthening protection of buyers’ rights. The digital auction system Prozorro.Sale is already operational, while the next step should be to increase the transparency and predictability of the process, which the government believes will strengthen competition and increase asset values.
