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.
The joint-stock company Odessa Port Plant (OPP, Yuzhny, Odessa region) will hold an extraordinary general meeting of shareholders on December 22, 2025, remotely, by means of a poll, according to a statement from the depositary institution.
OPZ is one of Ukraine’s largest chemical assets (ammonia and urea production), with a controlling stake of 99.5667% owned by the state. In 2025, it was put up for privatization through Prozorro.Sale with a starting price of UAH 4.488 billion, but the auction did not take place.
According to the FGI, as of September 30, 2025, the company employed 1,420 people, and its overdue accounts payable amounted to UAH 17.19 billion, including UAH 214.4 million in salary arrears and UAH 233.9 million in budget arrears.
In recent years, the plant has repeatedly stopped fertilizer production and has actually been operating in limited modes, shifting its focus to transshipment and related services. In particular, management reported that after an unsuccessful attempt to restart ammonia production in 2024, the company received revenue from grain transshipment, but at the end of June 2025, Russian strikes damaged the warehouses, leading to the suspension of these operations.
The Government of Ukraine, two days before the end of 2021, approved a financial plan for it for JSC Odesa Port-Side Plant, which assumes a net profit of UAH 106.995 million.
Relevant order of the Cabinet of Ministers No. 1781 of December 29 was published on its website on Friday, December 31.
The financial plan itself is absent in the publication, however, according to its explanatory note published on the government website, due to a loss of Odesa Port-Side Plant in the 2020 tax declaration in the amount of UAH 5.02 billion, dividends are not planned for 2021.
The explanatory note does not contain other details of the financial plan, but it says about the intention to receive an overpayment of income tax in the amount of UAH 320.6 million by the end of this year.
Odesa Port-Side Plant manufactures chemical products, and is also engaged in transshipment of chemical products to sea transport.
