Ukraine’s State Property Fund (SPF) has once again put up for sale at an online auction a state-owned stake in Titan Institute (Zaporizhia) amounting to 100% of its charter capital.
According to information from the SPFU on Tuesday, the auction will take place on the Prozorro.Prozori electronic trading system on August 12, 2025. Applications for participation will be accepted until 8:00 p.m. on August 11.
The starting price of the privatization object is UAH 99.77 million (excluding VAT).
The company has 56 real estate properties on its balance sheet, including the institute building, an administrative building, production and storage facilities, garages, and the like. The total area of all buildings and structures is 26,482.96 square meters. The area of the five land plots is 2.8973 hectares.
According to the terms of the tender, the buyer is obliged to ensure the repayment of wage arrears and debts to the budget within 12 months and not to dismiss employees within 6 months.
The authorized capital of the joint-stock company is UAH 75.311 million.
Last year, the State Property Fund of Ukraine already tried to sell 100% of the shares of the Titan Institute joint-stock company at the same price, then for UAH 48.8255 million (excluding VAT), but the auctions did not take place.
The main activity of the Titanium Institute is research and experimental development in other natural and technical sciences. The average number of employees as of March 31, 2025, is 80 people.
The Titanium Research and Design Institute (NIP “Titanium Institute”) was established in 1956 to provide research and design work for non-ferrous metallurgy enterprises in Ukraine. In 1966, it became the specialized leading institute for titanium production in the Soviet Union. In 1971, it was merged with the Dnipro Titanium-Magnesium Plant to form the Zaporizhzhya Titanium-Magnesium Combine (ZTMK), and in 1976, it once again became a separate all-Union research and design institute responsible for the production of titanium and magnesium.
According to the Titanium Institute, it is currently the only comprehensive research and design organization in Europe in the field of titanium and magnesium production and primary non-ferrous metallurgy.
The State Property Fund (SPF) realized at the privatization auction SE “Odessa Research and Design Institute of Land Management” for 25.8 million UAH, said the head of the agency Vitaly Koval.
“The price for EMK SE “Odessa Research and Design Institute of Land Management” increased in 5.17 times. Almost from UAH 5 million to the victorious UAH 25.8 million,” he wrote in Telegram.
The buyer is also obliged to pay an additional UAH 5.16 million of VAT. Accordingly, the total economic effect from the privatization of the enterprise will be 30.96 million UAH.
The complex of the Institute is located in the center of Odessa. The new owner will receive a share of 81/100 of the engineering and laboratory building with utility buildings and structures, motor vehicles and other property.
According to the terms of sale, the buyer is obliged to repay overdue accounts payable and not to allow the dismissal of employees within six months.
