According to Fixygen, Odessa Port Plant JSC intends to hold an extraordinary general meeting of shareholders on May 5, 2026, in a remote format via a written ballot. Voting will begin on April 24 at 11:00 a.m. and end on May 5 at 6:00 p.m., and the list of shareholders eligible to participate in the meeting will be compiled as of April 30.
According to the published announcement, the agenda includes three items: termination of the powers of Acting Chairman of the Board and Director Yuriy Kovalsky; election of Konstantin Shabunyaev as the new Acting Chairman of the Board and Director effective May 19, 2026; and approval of the terms of his contract, the amount of his remuneration, and the designation of the person who will sign the contract on behalf of the company. The decision to convene remote extraordinary meetings was made by the State Property Fund of Ukraine as a shareholder of the company.
Odessa Port Plant JSC is registered in the city of Pivdenne, Odessa Oblast; its primary activity is the production of fertilizers and nitrogen compounds. The state, through the State Property Fund, owns 99.5667% of the company’s shares; the authorized capital amounts to UAH 798.544 million. According to public registries, in 2025 the plant’s revenue amounted to UAH 328.687 million, its net loss was UAH 808.924 million, and its assets at year-end stood at UAH 4.366 billion.
The Odesa Port Plant remains one of the most complex and well-known privatization projects in Ukraine. The first attempt to sell it in July 2016 failed due to a lack of bids, and the second attempt in December 2016 also ended without any bidders. In June 2018, the State Property Fund again decided to privatize the state’s stake in the Odessa Port Plant, and in 2025 put 99.5667% of the shares up for auction with a starting price of 4.489 billion UAH; however, the auction scheduled for November 25 did not take place due to a lack of registered participants. In late March 2026, the Ministry of Economy stated that OPZ remains a key target for large-scale privatization and may be put up for sale again after the terms are adjusted.
