The Cabinet of Ministers of Ukraine has decided to privatize the Odessa Port Plant (OPP), Prime Minister Yulia Sviridenko announced.
“Today, we made a decision to privatize the Odessa Port Plant. The state-owned stake will be put up for an open electronic auction with a starting price of UAH 4.5 billion,” Sviridenko wrote on Telegram following Tuesday’s government meeting.
According to her, OPP is one of the largest chemical complexes in Ukraine, which before the war produced ammonia and urea and exported fertilizers, but since 2022, its main production has been shut down.
“The plant was operating partially, providing oxygen and nitrogen for critical needs and serving as a port hub. The enterprise must resume full-scale operations. This is only possible by attracting private owners and investments. The sale of OPZ will fill the budget, create new jobs, and provide Ukrainian farmers with access to domestic fertilizers,” the prime minister emphasized.
As reported by Taras Melnychuk, representative of the Cabinet of Ministers in the Verkhovna Rada, on Telegram, the terms of sale of the state’s 99.5667% stake in the authorized capital of Odesa Port Plant JSC at an electronic auction have been approved, which, in particular, provide for: the preservation of the company’s main activities; making investments in the form of capital investments for technical re-equipment and modernization (including energy modernization) of production in the total amount of at least UAH 500 million; repayment within twelve months from the date of transfer.
