The State Property Fund (SPF) of Ukraine has put up for auction in the Prozorro.Prozori system 100% of the state-owned shares of JSC “Radiorele Plant” (Kharkiv) at a starting price of UAH 234.4 million, which is twice the price at the repeat auction in February this year, which did not take place.
According to the SPF, the online auction is scheduled for October 28.
The property includes 5 units of real estate (non-residential buildings, warehouses, workshops, etc.) with a total area of 49.14 thousand square meters, 12 units of vehicles and special equipment manufactured between 1983 and 2013, one of which has been transferred to the Armed Forces of Ukraine.
The company’s balance sheet also includes 3.51 thousand items of equipment, furniture, inventory, 114 items of technical literature, and 41 intangible assets.
In addition, as of September 15, 2025, part of the real estate with a total area of 479.4 square meters has been leased.
According to the terms of the tender, the buyer of JSC “Radio Relay Plant” is obliged to pay off debts on wages and to the budget within six months from the date of transfer of ownership, as well as to prevent the dismissal of employees (as of June 30, 2025, 57 people worked at the plant).
The plant’s main product range consists of low-current, miniature electromagnetic relays.
According to information from the State Property Fund, as of June 30, 2025, overdue accounts payable amounted to UAH 2.512 million, including UAH 1.28 million in wages, UAH 0.14 million in insurance, and no wages.
In January-June 2025, the plant incurred losses of UAH 5.7 million (UAH 10.3 million for the whole of 2024) and net income of UAH 2.3 million (UAH 5.2 million). The average monthly salary was UAH 10,900 (UAH 10,200).
The plant’s sales volume for the period from 2022 to the first six months of 2025 amounted to UAH 23.1 million, including exports of UAH 6.8 million.
As reported, in early February 2025, the State Property Fund of Ukraine put up for auction the state-owned stake in JSC Radio Relay Plant, but after it failed to take place due to the absence of participants, the price was halved at a repeat auction to UAH 117.2 million, which also failed to take place.
The State Property Fund of Ukraine (SPFU), which solely performs the function of the general meeting of NJSC “Ukragroleasing”, obliged the company to distribute profits based on the results of financial and economic activities in 2024 and allocated 80% to pay dividends, as well as approved the total amount of annual dividends in the amount of UAH 1,592,192.
According to a publication in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the SPFU ordered NJSC “Ukragroleasing” to pay annual dividends to the state budget within the statutory period, i.e. no later than July 1, 2025.
As of June 19, Ukragroleasing has already paid the first part of the annual dividend in the amount of UAH 592.19 thousand, and plans to transfer the balance of the annual dividend in the amount of UAH 1 million by June 30, 2025.
Ukragroleasing was founded in 1999. It is engaged in financial leasing of agricultural machinery and equipment for agriculture at 7% of annual unadvertised prices for equipment for five to seven years. The NAC includes maintenance, logistics, and machine repair stations.
According to the Opendatabot service, in 2024, Ukragroleasing increased its revenue by 38% to UAH 213.17 million, net profit by 4.3 times to UAH 5.228 million, assets by 15.9% to UAH 430.69 million, and liabilities by 2.8 times to UAH 21.7 million. The company currently employs 165 people. The authorized capital is UAH 1.17 billion.
The State Property Fund of Ukraine (SPFU) has called on the National Agrarian Academy of Sciences (NAAS) to be transparent and engage in dialogue and insists on providing information on 1736 land plots with a total area of 135,000 hectares and their actual use for scientific purposes, the agency reported on Facebook.
“There is no “seizure” of land. We are talking only about the transfer of part of the land that is not used or is used inefficiently to the state enterprise “Reserve” for transparent management. These lands are not being sold, privatized or withdrawn from state ownership,” the SPF emphasized.
At the same time, the Fund reminded that the State Enterprise “Reserve” is the second operator of the Land Bank project, which was created to effectively transfer state land for use on a competitive basis through the Prozorro.Sale system. Its creation is envisaged by the state strategy, as the State Land Bank LLC cannot obtain such land for permanent use – according to the law, only a state-owned enterprise can do so. In the future, the State Enterprise “Reserve” will be merged with similar structures into a single state land bank.
The SPF noted that they do not intend to withdraw land plots from the National Academy of Agrarian Sciences that are actually used for field research, breeding, livestock production or training. It is also not about land plots owned by educational institutions, but only about land used by the National Academy of Sciences, but without confirmation of their scientific purpose.
The SPF emphasized that productivity does not mean hectares, but results, and cited as an example the UAH 3.4 billion received by the National Academy of Agrarian Sciences in 2024 from 276 thousand hectares of land used by the academy.
“This is several times lower than the indicators of an efficient private sector. At the same time, most of the profits are generated not through science, but through commercial farming, which sometimes has nothing to do with research,” the State Property Fund emphasized.
He reminded that land is a national resource and it should work in the interests of the state, especially in times of war when the budget needs financial revenues.
“We cannot afford to keep thousands of hectares for ‘scientific needs’ that are not supported by objective activity,” the SPF emphasized and called on the National Academy of Sciences to be transparent and engage in dialogue.
The SPF analyzed the NAAS lands and identified 1736 plots with a total area of 135 thousand hectares for transfer to the Land Bank. Another 69 thousand hectares have real estate or are unsuitable for investment. This data was submitted to the National Academy of Agrarian Sciences in May 2024 for clarification. However, in 10 months, only one response was received from the NAAS – on the transfer of 65 thousand hectares, of which 50 thousand hectares are under occupation, and 7 thousand hectares are actually suitable.
Due to the NAAS’s refusal to cooperate constructively, the SPF decided to include all plots without real estate in the Land Bank project to stop the shadow use of land that does not benefit the state. The NAAS should provide a clear and reasoned list of enterprises and plots that they really need. The Foundation called the NAAS’s opposition an attempt to maintain control over abandoned assets under the slogan “science and development.”
“Our goal is to make state land a source of budget revenues, job creation, support for the army and reforms. We are building a new institution for managing Ukraine’s strategic resources – orderly, accountable and open,” the SPF summarized and called on the National Academy of Sciences to share this state approach.
The State Property Fund of Ukraine (SPFU) announced an auction on 6 August to privatize a 97.5458% stake in the authorized capital of Zaporizhzhya Aluminium Smelter (ZalK). According to the SPF press release, an online auction for the privatization of 607 million 446,012 thousand shares is scheduled for August 6. The auction will be held in the electronic trading system Prozorro.Sale with a starting price of almost UAH 151.9 million, and the deadline for submitting bids is August 5.
It is noted that ZALK is an excellent brownfield project, as it is located in Zaporizhzhia, next to the national highway H08. The facility’s advantages include a large total area of premises and land. The new owner may consider the facility for business or its relocation.
The JSC’s balance sheet includes 1497 registered units of real estate and infrastructure with a total area of 370,929.85 square meters. The property also includes 291 units of vehicles and special equipment. The real estate owned by the JSC is located on 25 registered land plots with a total area of 216.0856 hectares.
As of May 31, 2023, part of the company’s real estate with a total area of 6,755.6 sq. m. was leased out under eight agreements with the maximum term of validity until September 1, 2065.
The company’s balance sheet includes 18 state-owned objects that were not included in the company’s authorized capital and remained in state ownership (two shelters, instruments, radio stations, engineering networks, roads, etc.)
The company has debts, including overdue accounts payable of UAH 6.44 billion.
Under the terms of the auction, the new owner is obliged to ensure repayment of wage arrears and budget arrears within 18 months from the date of transfer of ownership, as well as to prevent dismissal of ZalK employees within six months, in accordance with the requirements of Articles 40 and 41 of the Labor Code of Ukraine.
For more information about ZALK JSC, please follow the link: http://surl.li/oyxgsp
Zalc used to be the only primary aluminum producer in Ukraine. In 2004, the Russian group SUAL became the owner of Zalc. In 2007, the plant came under the control of UC RusAl, which was created as a result of the merger of aluminum and alumina assets of RusAl, SUAL and Swiss trader Glencore. In the long-running lawsuits, a verdict was reached on the termination of the sale and purchase agreements for 68.01% of ZalK’s shares and the return of this stake to state ownership. The authorized capital of ZALK JSC is UAH 155 million 682.28 thousand, with a share price of UAH 0.25.
The State Property Fund of Ukraine (SPFU) has put up for sale the unified property complex of the state-owned enterprise Nepolokovets Bakery (Chernivtsi region) with a starting price of UAH 217.4 million, said Vitaliy Koval, the Fund’s chairman.
“This is an operating enterprise for the production of flour and cereal products with a strong production base and significant development potential,” he wrote on Telegram.
The complex is located in the village of Nepolokivtsi, 27 km from Chernivtsi. It consists of production, warehouse, administrative and auxiliary buildings with an area of about 42 thousand square meters, as well as 24 vehicles and special equipment, more than 1200 pieces of equipment and other assets.
Among the advantages of the facility, the SPF chairman named the ready-made infrastructure, which allows to immediately start operations and increase volumes, a favorable location near the EU border and guaranteed demand for products.
The auction will take place on June 24 in the electronic trading system Prozorro.Sale.
The State Property Fund of Ukraine (SPFU) is finalizing the list of large-scale privatization objects to be agreed with the Cabinet of Ministers and submitted to the auction commission, said Vitaliy Koval, head of the agency.
“Large-scale privatization is when an asset is worth more than UAH 200-250 million at its book value or starting price. Today, the official list has been approved, all large-scale privatization objects must go through the procedure of approval by the Cabinet of Ministers, be included in the list and transferred to the auction commission under the regulation of the minister, who will approve the data on the auction conditions,” he said at the Business Breakfast with Forbes Ukraine on Wednesday.
Koval named 66.65% of the Ocean Plaza shopping mall (Kyiv), which will be put up for privatization at a starting price of UAH 1.63 billion, and one of the pre-war leaders in the aerated concrete market, AEROC Investment Deutschland GmbH, with three production sites at a price of about UAH 1 billion, as the most valuable assets included in the list of large-scale privatization. Among the state-owned assets, the Ukraina Hotel (Kyiv) will be put up for privatization at a price of UAH 1.8 billion.
In addition, the assets of the United Mining and Chemical Company (UMCC), which has been given control of the Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), will be auctioned at a starting price of UAH 3.7-3.9 billion.
“We have a task from the Ministry of Finance – UAH 4 billion (to replenish the state budget in 2024 – IF-U). But I am confident that we will exceed it. The ambitious price is much higher,” said the SPF head.
Speaking about the target audience that the SPF is interested in transferring privatization objects into ownership, Koval said that the Fund manages a variety of assets: from a small shop, hair salon, service center and tailoring studio to large objects such as the UMCC. Accordingly, the target audience is very diverse – from individuals to corporations.
“A very cool client for us is someone who comes for the second, third, or fourth time. In addition, when it comes to international business, international groups that already have business in Ukraine, understand the country’s agenda, and are familiar with the context and feel the microclimate are of the greatest interest. Such clients are very important to us. As well as domestic investors who have small and medium-sized businesses – they are needed,” summarized the head of the SPF.
