The State Property Fund (SPF) of Ukraine has announced the sale of 99.5667% of Odessa Port Plant JSC (OPP, Pivdenne, Odessa region) at an online auction in the Prozorro. Sales” system on November 25, 2025, with a starting price of UAH 4 billion 488.523 million.
According to a statement on the Fund’s website on Thursday, bids for participation in the auction will be accepted until 8:00 p.m. on November 24, with a guarantee deposit of UAH 224.43 million.
It is noted that the property includes 45 units of real estate and infrastructure, including a greenhouse and vegetable processing plant, a medical and health center, the Karpatski Zori resort in Yaremche, and a training and educational rowing center. The total area of the real estate is 285,400 square meters, and the total area of the 32 registered land plots is 262.9 hectares, of which 252.4 hectares are on a permanent use basis.
As of June 30, 2025, the company employs 1,436 people.
According to the report, OPZ’s revenue for January-June this year amounted to UAH 322.63 million, while its net loss was UAH 280.79 million. In 2024, the plant increased its revenue to UAH 944.22 million from UAH 494.57 million a year earlier, but its net loss grew to UAH 1 billion 839.3 million from UAH 1 billion 94.58 million.
As of the middle of this year, OPZ’s wage arrears amounted to UAH 184.39 million, its budget arrears amounted to UAH 182.44 million, and its overdue accounts payable amounted to UAH 16.62 billion.
The winner of the auction is obliged to maintain the main types of activity for five years and invest at least UAH 500 million, as well as pay off wage and budget debts within a year, gradually pay off overdue debts, and provide guarantees to employees and in terms of compliance with environmental legislation.
Acting Chairman of the Board and Director of OPZ Yuriy Kovalsky said in an interview with NV Business in August this year that in August 2024, the plant’s management tried to start up one of the two ammonia units, but this step was not successful. Since then, OPZ has been rebuilt for grain transshipment, and this activity was the only source of income for the enterprise, but at the end of June, as a result of a Russian air attack, the warehouse facilities were significantly damaged, which suspended transshipment operations. According to Kovalsky, OPZ’s partner in grain transshipment is the trader V AGRO LLC. In the 2024-2025 marketing year, about 638,000 tons of grain were transshipped: 625,000 tons of corn and 12,700 tons of soybeans.
The acting chairman of the board also reported that OPZ has significantly optimized its expenses, sold non-core assets, and is actively working with creditors, in particular, with Naftogaz of Ukraine, to offer a future investor a viable debt structure, which amounts to about UAH 2.5 billion.
Kovalsky noted that for safety reasons, OPZ does not plan to resume production in the near future, but is maintaining its production lines in full technical readiness so that it can resume work as soon as possible, as soon as it becomes possible.
The state has tried to privatize the enterprise several times, but without success.
