A 99.9952% state-owned stake in one of Ukraine’s largest chemical companies, Sumykhimprom JSC, will be put up for an electronic auction on the “Prozorro.Sales” trading platform on October 13, 2026.
This decision was made by the auction commission chaired by Vitaliy Kovalenko, deputy head of the State Property Fund of Ukraine, the Fund announced on Facebook.
The State Property Fund of Ukraine (SPFU) noted that on July 8 of this year, the government approved the terms and the starting price for the sale of this stake at 1.005 billion UAH.
As previously reported, the repeat online auction for the privatization of “Sumykhimprom,” scheduled for January 13, 2026, with a price reduced by 9.3% to 1 billion 88.081 million UAH (excluding VAT), did not take place due to a lack of participants, just like the previous auction on June 11, 2025.
“Sumykhimprom represents a unique opportunity to acquire nearly 100% of the shares in an operating, high-capacity chemical complex with a wide range of products and significant production facilities for further modernization and development of export potential,” emphasized the State Property Fund of Ukraine (SPFU).
According to the terms of the tender, the new owner was required to maintain the company’s core business activities and invest at least 150 million hryvnias in technical re-equipment and production modernization. In addition, the winner must settle wage arrears and budget debts within six months, as well as overdue accounts payable—excluding debts owed to individuals and legal entities subject to sanctions and their associated parties, as well as creditors whose beneficiaries are citizens or residents of the Russian Federation and/or Belarus. The buyer must comply with social guarantees for employees in accordance with labor law requirements and prevent their dismissal for six months following the acquisition of the asset.
“Sumykhimprom” is one of the largest domestic enterprises producing compound mineral fertilizers, titanium dioxide, sulfuric acid, and other inorganic chemicals. The enterprise is among the top three revenue-generating enterprises in Sumy and the region. It produces more than 30 brands of NPK fertilizers with varying nutrient ratios for different soil and climatic zones.
For over 10 years, the plant was managed by a group of companies affiliated with Group DF, owned by businessman Dmytro Firtash. In November 2023, the Commercial Court of Sumy Oblast granted the motion filed by the State Property Fund of Ukraine (SPFU) and the Ministry of Justice and closed the proceedings in the bankruptcy and reorganization case of “Sumykhimprom.”
The SPFU had planned to sell the company to a private investor even before the full-scale war began. However, privatization was delayed due to the stance of minority shareholder Firtash, who in 2010 acquired 0.005% of the company’s shares and gained control over its management. “Sumykhimprom” accumulated debt, which led to the formation of a creditors’ committee and the initiation of a reorganization procedure.
Since 2015, the State Property Fund of Ukraine (SPFU) had been trying through the courts to halt the company’s bankruptcy proceedings, but was only able to do so in 2023, which cleared the way for privatization.
In March 2022, Russian forces shelled the plant, causing an ammonia leak. As a result, the plant was shut down for a year and resumed operations in the spring of 2023. As of June 2025, the front line was less than 30 km from “Sumykhimprom.”
According to the 2025 report, the company’s accounts payable at the end of the year amounted to 4.135 billion UAH, of which 1.292 billion UAH was debt related to the bankruptcy case initiated by the Commercial Court of Sumy Oblast in October 2011, based on the court-approved register of the JSC’s creditors.
“The company’s lack of working capital, unprofitable operations, and production downtime are causing its accounts payable to rise,” the report states.
Sumykhimprom’s revenue in 2025 amounted to 129.2 million UAH (compared to 395.9 million UAH the previous year), gross profit to 53.3 million UAH (9.9 million UAH), and net loss to 405.7 million UAH (600.2 million UAH).
“The main reason for Sumykhimprom’s unprofitable operations in 2025 was the forced shutdown of production facilities from November 2024 through July 22, 2025, and the shutdown of all structural units in the fourth quarter of 2025. In 2025, Sulfuric Acid Plant No. 5 operated for only two months,” the report states.
According to the report, due to the escalation of the dangerous situation in the region, the regional military administration did not grant permission to purchase ammonia, which prevented the company from launching its production program for complex mineral fertilizers, as envisaged in the approved financial plan for 2025.
AUCTION, CHEMICALS, PRIVATIZATION, State Property Fund of Ukraine, SUMYKHIMPROM
On Monday, July 6, 2026, the first annual auctions for the allocation of combined capacity at cross-border interconnection points with Hungary, Romania, and Moldova will take place, according to a statement by the Ukrainian Gas Transmission System Operator (OGTSU) on its website.
“Information regarding the conduct of combined auctions at cross-border interconnection points with Poland and Slovakia will be announced separately,” the company noted.
GTS Operator of Ukraine explained that combined capacity products allow for the booking of capacity on both sides of a cross-border interconnection point within a single auction and a single capacity product.
“The introduction of the combined capacity mechanism is the result of close coordination between OGTSU, operators of adjacent gas transmission systems, national regulators, and European institutions,” said Natalia Boiko, the company’s acting CEO.
The company asserts that the introduction of combined capacity products will contribute to the further integration of the Ukrainian natural gas market into the EU internal market, improve the efficiency of cross-border infrastructure use, develop cross-border natural gas trade, and strengthen the region’s energy security.
The application period for the allocation of annual capacity at domestic entry and exit points runs from June 29, 2026, through July 13, 2026, inclusive.
As previously reported, the National Commission for State Regulation of Energy and Public Utilities (NKREKP) adopted decisions at its June 23 meeting aimed at further integrating Ukraine’s gas market into the EU’s single natural gas market.
“The changes provide for the introduction of European rules for capacity allocation and tariff setting at cross-border interconnections of the gas transmission system,” the regulator stated.
In particular, the regulator has completed the regulatory steps to introduce joint auctions for capacity allocation at cross-border interconnections.
“This mechanism provides for the simultaneous allocation of capacity in the gas transmission systems of Ukraine and neighboring countries, which is in line with European practices for the functioning of the natural gas market,” the commission explained.
The new rules for allocating capacity at cross-border interconnections took effect in July 2026 and will apply to capacity used starting at the beginning of the new gas year—October 1, 2026.
To participate in auctions, customers of transportation services must enter into contracts not only with OGTSU but also with the operators of adjacent gas transmission systems in EU member states and the Republic of Moldova. A customer to whom combined capacity is allocated will have the right to transfer to another customer the right to submit nominations and renominations for such capacity.
AUCTION, ENERGY, GAS, INTEGRATION, ОГТСУ
The State Agency of Ukraine for the Development of Land Reclamation, Fisheries, and Food Programs (State Fisheries Agency) held, through the “Prozorro.Sales” system, 179 auctions for the sale of commercial fishing rights to aquatic biological resources, which generated nearly 44 million hryvnias, according to the agency’s press service.
“Proceeds from the sale of lots are directed toward replenishing local budgets, and the additional revenue generated by the increase in the starting price during electronic auctions will be used for stocking water bodies. Thus, transparent competition not only fills the budgets but also guarantees funding for measures to restore aquatic biological resources,” the press service quoted Igor Klymenko, head of the State Fisheries Agency, as saying.
According to the agency, of the total amount, over 41.5 million UAH will be allocated to local budgets, while nearly 2.5 million UAH—generated by increases in the starting price during the auctions—will be used to restore the fish populations in these bodies of water.
The largest number of contracts were concluded for fishing rights in the Kremenchuk (50), Kamyanske (26), and Kaniv (21) reservoirs, as well as in the lower Dniester and the Dniester Estuary (16) and on the Danube (15).
In total, 246 lots for the right to commercially harvest aquatic biological resources have been formed for 2026.
AUCTION, CATCH, PROZORRO.SALES, reservoirs, State Fisheries Agency
JSC “Ukrposhta” expects to raise more than 22 million UAH from the sale of decommissioned vehicles to modernize the company’s fleet.
“Every rusty UAZ sold is a direct contribution to new long-haul vehicles, modern logistics, delivery speed, and the company’s ability to operate even when the enemy is trying to destroy the infrastructure,” Ukrposhta CEO Ihor Smilianskyi is quoted as saying in the press release.
According to him, since the start of the full-scale invasion, “Ukrposhta” has lost 426 vehicles due to shelling and the temporary occupation of territories.
It is noted that during two phases of open auctions conducted through the “Prozorro.Sales” system, the postal operator sold over 1,000 vehicles. Specifically, during the first phase, 716 vehicles were sold, bringing the company approximately 9 million UAH.
“During the second phase, another 316 vehicles were put up for auction. Forty-two auctions have already taken place, and two more are in the final stages, specifically in the Donetsk and Zaporizhzhia regions,” the press release states.
Ukrposhta noted that over 600 participants took part in the auctions, which made it possible to nearly double the final value of the lots from 7.7 million hryvnias to a projected 13.7 million hryvnias.
“The most expensive lot in the second stage was the Kyiv lot consisting of 23 Soviet-era vehicles, which sold for 916 thousand UAH. The least expensive was a Mazda 6 for 44 thousand UAH,” the company emphasized.
Separately, the national postal operator noted that it had completed 100% automation of its sorting processes and expanded its fleet with 160 new MAN and IVECO trucks.
The state-owned “Ukrposhta” reported a total profit of 106.3 million UAH for January–April, with EBITDA of 122.9 million UAH. The company’s equity reached 2.3 billion UAH without additional budgetary funding.
In January–March 2026, the company reported a net loss of 204.8 million UAH, which is 1.1 million UAH, or 0.5%, higher than in the same period of 2025, while its revenue grew by 1.1% to 13 billion 118.42 billion UAH.
AUCTION, LOGISTICS, PROZORRO.SALES, UKRPOSHTA, vehicle fleet
The single property complex (SPC) “Gnizdychiv State Distillery” (Lviv region), which has been inactive since 2010, was sold at auction for 3.7 million UAH (excluding VAT), according to the “Prozorro.Sales” system based on the results of the auction on May 6.
The winner of the auction was Tradex Agri LLC (Zdolbuniv, Rivne region), whose bid exceeded the starting price of 3.26 million UAH by 13.5%. Another auction participant—Lviv-based ADR-Trans-Group LLC—offered 3.4 million UAH for the asset. The lot price, including VAT, amounted to 4.44 million UAH.
According to the terms of sale, the buyer is obligated to repay the company’s debt within six months, which stood at 1.68 million UAH as of the end of 2025.
The privatization object, with a total area of 4,005.5 square meters, includes an administrative building, production facilities, substations, as well as an unfinished mill, a bakery, and a store that is 45% complete. The plant is located on a plot of over 9 hectares in the village of Hnizdychiv (Stryi District); however, the land is not included in the sale and requires a separate lease agreement. As of the end of 2025, the company had only one employee.
According to YouControl, Tradex Agri LLC was registered in 2016 and is part of the Tradex Agri Group, whose beneficiaries are Volodymyr Metkyi and Roman Yanchuk. The group specializes in growing grain and oilseed crops, trading, and dairy farming.
The auction was organized by the regional branch of the State Property Fund of Ukraine for the Lviv, Zakarpattia, and Volyn regions.
The state-owned enterprise “Forests of Ukraine” has put more than 1.5 million cubic meters of timber products up for auction as part of the main bidding for the second quarter of 2026, which is 250,000 cubic meters, or 20%, more than usual volumes, the state-owned enterprise’s press service reported on Facebook.
According to the report, starting prices are set at the level of the first quarter of 2026 (+8% relative to the consumer price index) and are significantly lower than selling prices. In most regions, with the exception of Volyn and the Carpathians, the auctions have already taken place. Preliminary results indicate that 100% of both commercial timber and firewood for industrial use (FI) has been contracted.
The state-owned enterprise noted that the average price of firewood increased by 73% compared to the starting price, reaching 2,520 UAH/cubic meter, while the price of commercial timber rose by 26%, reaching 6,500 UAH/cubic meter. Overall, across all product types, the average price increased by 31%, to 5,200 UAH/cubic meter.
“Timber has been getting more expensive every quarter since the second half of 2024. Finally, the trend has paused. The price settled above the starting price but below the current one. In effect, there has been a price adjustment for round timber to the level of the third and fourth quarters of 2025,“ reported ”Forests of Ukraine.”
The price adjustment affected the fulfillment of first-quarter contracts: despite the availability of harvested products, some consumers declined to purchase them. In such cases, “Forests of Ukraine” uses Dutch auctions with price reductions. Over 100,000 cubic meters of round pine have already been listed for sale.
Overall, since the beginning of the year, harvesting has increased by 29% compared to the same period in 2025, but sales volume has increased by only 3%.
“At meetings and conferences, the market cited a shortage of resources and unused capacity, but in reality, it did not respond to the increase in the supply of commercial timber. As a result, there is a surplus of resources and a significant increase in warehouse inventories,” the report notes.
The imbalance applies only to commercial timber, while consumers of industrial firewood are purchasing the full volume (sales breakdown: 40% roundwood, 60% firewood).
To reduce inventory, the company plans to adjust its harvesting strategy: priority will be given to thinning and forest restoration operations that yield more firewood. Currently, the average daily harvesting volume is 45,000 cubic meters.
