Business news from Ukraine

Business news from Ukraine

State Property Fund has put Kolomyia Plant up for privatization for UAH 12 mln

The State Property Fund of Ukraine (SPF) has put up for privatization a state-owned stake in the Kolomyia Agricultural Machinery Plant at a starting price of UAH 12 million, the agency’s press service reported.

The SPF specified that 93.4% of the authorized capital of the Kolomyia Agricultural Machinery Plant joint-stock company will be put up for privatization.

The property includes 75 units of real estate — production, warehouse, and administrative buildings, infrastructure (roads, fences, electricity, gas, and water supply) with a total area of 81,776.8 square meters, as well as three land plots with an area of 55.3 hectares, eight vehicles and special equipment manufactured between 1986 and 1996. Part of the property has already been leased under seven agreements until July 29, 2026.

The terms of sale include the repayment of wage and budget debts within six months after the purchase, as well as a ban on employee layoffs.

The auction will take place on February 5 in the Prozorro.Prozori system. Applications will be accepted until February 4, 20:00.

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State Property Fund has put up Ukrkolorprom property complex in Dnipro for privatisation

The State Property Fund (SPF) of Ukraine will put up for privatisation the single property complex of the state-owned enterprise Ukrkolorprom (Dnipro) with a total area of 1,370.4 square metres.

According to the Fund, the auction will be held in the Prozorro.Prozori electronic system.

The starting price is UAH 42,697 excluding VAT.

The auction will take place on 22 December, and the deadline for submitting bids is 20:00 on 21 January.

The property is located in the central district of Dnipro. It is conveniently located near transport links, educational institutions, shops, parks, etc. It consists of: in Dnipro – an administrative building (with a vestibule and basement) of 305.2 square metres and a non-residential building, a security building and a fence – 288.3 square metres; in Zhovti Vody – production premises, a fence, paving of 776.9 square metres.

As of 30 September 2025, the privatisation object or its parts are not leased.

According to the State Property Fund, the acquisition of this object is an opportunity to obtain a large amount of commercial real estate with a favourable location and potential for creating a profitable office, logistics or production hub.

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SPF puts Sumykhimprom up for privatization

The State Property Fund of Ukraine (SPF) has announced that on January 13, 2026, it will hold a repeat online auction for the privatization of 99.99% of the shares of one of the largest domestic chemical enterprises, Sumykhimprom, the agency’s press service reported.

The SPF set the starting price of the lot at UAH 1 billion 88.081 million (excluding VAT), which is 9.3% lower than the starting price at the auction on June 11, which did not take place due to the lack of participants.
The SPF reminded that Sumykhimprom is one of the key objects of large-scale privatization under its management.

“Sumykhimprom is a unique opportunity to acquire almost 100% of the shares of an operating, powerful chemical complex with a wide range of products, significant production areas for further modernization and development of export potential,” the SPF emphasized.

According to the terms of the tender, the new owner will have to maintain the company’s main activities and invest at least UAH 150 million in technical re-equipment and modernization of production. In addition, the winner will have to pay off wage and budget debts, as well as overdue accounts payable, within six months, except for debts to individuals and legal entities subject to sanctions and related parties, as well as creditors whose beneficiaries are citizens/residents of the Russian Federation and/or Belarus. The winner must comply with social guarantees for employees in accordance with the requirements of labor legislation and not allow their dismissal within six months after the acquisition of the asset.

Sumykhimprom is one of the largest domestic enterprises producing complex mineral fertilizers, titanium dioxide, sulfuric acid, and other types of inorganic chemicals. The company is one of the top three budget-generating enterprises in the city of Sumy and the region and produces more than 30 brands of NPK fertilizers with different nutrient ratios for different soil and climatic zones.

For more than 10 years, the plant was managed by a group of companies affiliated with entrepreneur Dmitry Firtash’s Group DF. In November 2023, the Commercial Court of Sumy Region granted the petition of the State Property Fund and the Ministry of Justice and closed the bankruptcy and reorganization proceedings against Sumykhimprom.

The SPF planned to sell the company to a private investor even before the full-scale war. However, privatization was delayed due to the position of minority shareholder Dmitry Firtash, who in 2010 acquired 0.005% of the company’s shares and control over its management. Sumykhimprom accumulated debts, which allowed the creation of a committee of creditors and the initiation of reorganization proceedings.

Since 2015, the SPF has been trying to stop the bankruptcy proceedings of the company through the courts, but was only able to do so in 2023, which unblocked the privatization.

In March 2022, the Russians shelled the company, leading to an ammonia leak. As a result, the plant was out of operation for a year and resumed work in the spring of 2023. As of June 2025, the front line was less than 30 km from Sumykhimprom.

According to information on the website, the company’s revenue in the first half of 2025 fell fourfold to UAH 36.1 million, while net losses decreased by 39.6% to UAH 189.1 million. In addition, as of mid-year, the company had UAH 0.30 billion in long-term debt and UAH 3.63 billion in current liabilities.

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State Property Fund will put eight distilleries worth UAH 250 mln up for privatization within two months

The State Property Fund (SPF) of Ukraine is to put eight distilleries worth UAH 250 million up for privatization within the next two months, according to Oleksiy Movchan (Servant of the People), deputy chairman of the Verkhovna Rada committee.

“In 2020, we passed a law in parliament to demonopolize the industry. Today, the state has eight distilleries left, and the State Property Fund must put them up for sale in the next two months. The value of the assets is about UAH 250 million, and the amount of debt is UAH 650 million. This means that the situation with the sale of this attractive asset is complicated, because the buyer will have to pay extra for its purchase,” he wrote on Facebook following a meeting in parliament with representatives of the State Property Fund, the Antimonopoly Committee, and the Ministry of Economy, Environment, and Agriculture.

According to the MP, these facilities should work for the economy, not stand idle.

The privatization of distilleries in Ukraine is part of a reform aimed at demonopolizing the industry, combating the shadow market, and attracting investment.

Large-scale privatization of enterprises in the alcohol industry began in September-October 2020. At the time of the start of privatization, there were 78 state-owned enterprises in the alcohol production sector, of which 41 facilities of the state-owned enterprise Ukrspyrt and 37 facilities of the Ukrspyrt concern were being prepared for privatization.

Currently, the State Property Fund is trying to sell the Zarubinsky Distillery at half the starting price—77.99 million hryvnia, the Borshchiv facility for the production and storage of alcohol (13.8 million hryvnia), and the Kholminsky Distillery (price not announced). In addition, the Uladivsky Distillery and the Korostyshiv Distillery are being prepared for sale.

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SPFU sells state-owned enterprise Atlantis-Pak Ukraine for UAH 38 mln

The State Property Fund of Ukraine (SPFU) has put up for online auction in the Prozorro.Prozori electronic trading system 100% of the state share in the subsidiary Atlantis-Pak Ukraine (Sofiivska Borshchahivka, Kyiv region) at a starting price of UAH 37.88 million (excluding VAT).

According to the SPFU, applications will be accepted until November 3, and the auction will take place on November 4.

The fund noted that Atlantis-Pak Ukraine is a subsidiary specializing in the wholesale trade of food, beverages, and tobacco products.

The company’s balance sheet includes four vehicles manufactured in 2022-2020. The company does not own any real estate. It has remaining packaging materials. As of 2025, the company has five employees. During the period from 2022 to 2024 and the first half of 2025, Atlantis-Pak Ukraine sold products worth UAH 64.09 million.

According to the terms of sale, the buyer is obliged to ensure the repayment of wage arrears and budget debts within 6 months and not to allow the dismissal of employees.

“The subsidiary Atlantis-Pak Ukraine is an excellent project for business development and management. For the new owner, it is a successful investment object with great development potential,” the SPF noted.

 

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SPF puts Bdzhilnyansky distillery up for privatization

The State Property Fund (SPF) has put up the Bdzhylnya Distillery in Vinnytsia region for privatization at an online auction with a starting price of UAH 68.5 million, said Vitaliy Koval, head of the SPF.

“The modernization of the production will help ensure economic efficiency for the new owner, as Vinnytsia region is a leader in the production and export of agricultural products. This gives the company logistical advantages and access to resources,” he explained on Facebook.

According to the report, the state-owned enterprise specializes in the production of alcohol and other chemical products of organic origin, but has not been carrying out financial and economic activities since June 2022.

The unified property complex of the Bdzhilnyansky distillery consists of 99 real estate objects with a total area of 11570.6 square meters, 23 units of transport and special equipment, as well as 727 units of equipment.

The online auction will take place on June 24 in the Prozorro.Sale electronic trading system.

Koval reminded that in 2024, the agency successfully held 4 online auctions for the sale of alcohol industry facilities. Their final value amounted to UAH 126.8 million, which is on average 2.1 times higher than the starting price.

“As a result, the enterprises get new owners and investments for modernization, and the budget receives funds from fair and competitive sales. We continue to work on the denationalization of the alcohol industry through privatization to unlock its potential,” summarized the SPFU chairman.

According to the SPF, distilleries are among the most popular assets for small-scale privatization. The agency planned to fully complete the privatization of alcohol industry enterprises in 2023, for which it was going to hold online auctions for the sale of 26 distilleries across the country. However, some of them did not take place.

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