According to Interfax-Ukraine, the Ministry of Energy is working to prepare state-owned coal mining enterprises for transfer to the State Property Fund (SPF) and subsequent privatization, Deputy Minister of Energy Valentina Moskalenko said.
“The Ministry of Energy has indeed prepared our proposals for the government’s action plan, and we are indeed working to prepare all (coal) enterprises for transfer to the State Property Fund, with a view to their subsequent privatization and the search for an effective private investor for them,” Moskalenko said during an online meeting of the Verkhovna Rada’s Energy Committee on Monday.
She also added that the Ministry of Energy, together with the Ministry of Finance, has resolved the issue of compensation for wage arrears, unused vacation time, and all other payments required by law to employees of the two mines being liquidated: “Mine No. 9” (Volyn Oblast) and the “Nadiya” mine (Lviv Oblast).
“The draft plans for the liquidation of the mines are ready, funds are available to carry out the liquidation work, and everyone who wished to transfer to other enterprises has done so,” noted the deputy head of the Ministry of Energy.
At the same time, Moskalenko emphasized that the operations of the state-owned enterprise “Lvivvuhillia” have always been accompanied by debts, and this issue must be resolved.
“Lvivvuhillya has always had debts, with varying trends, and they have never gone away; now all the debts remain with the state-owned mines. We must do everything possible to restore the health of the state-owned coal mining sector,” Moskalenko emphasized.
COAL, INVESTOR, Mine, MINISTRY OF ENERGY, State Property Fund of Ukraine
According to Interfax-Ukraine, the State Property Fund (SPF) is exploring the possibility of selling 100% of the Ocean Plaza shopping and entertainment center in Kyiv instead of the current 66% state stake, with a potential starting price of $100 million for the entire lot, said SPF Chairman Dmytro Natalukha.
“Unfortunately, we are unable to put both the state’s stake and the private stake up for sale in a single lot. Therefore, discussions are currently underway to determine whether a mechanism can be found to put 100% of the shopping and entertainment center up for sale, rather than the current 66%. After all, there is demand for 100%,” Natalukha said in an interview with RBC-Ukraine.
He noted that the participation of the minority owner of the Ocean Plaza shopping center—Lanita Invest LLC—in the auction is possible provided there is sufficient cooperation and legal complications are resolved. According to the fund’s estimates, the starting price for 100% of the asset could be as high as $100 million.
According to Natalukha, the auction for the privatization of the Ocean Plaza shopping center could be held in December of this year, with proceeds from the sale expected as early as January 2027.
According to the plan for preparing assets prioritized for sale in 2026, published by the State Property Fund of Ukraine in June, the auction for the sale of the Ocean Plaza shopping and entertainment center could be held in November–December 2026. The owner of a minority stake in the shopping center, Lanita Invest LLC, had previously supported the idea of selling the asset as a single lot along with its own stake.
As previously reported, on June 19, 2026, law enforcement agencies, as part of criminal proceedings, conducted authorized searches at the residences of certain officials of the State Property Fund of Ukraine (SPFU) to investigate the possible undervaluation of the Ocean Plaza shopping and entertainment center (Kyiv) prior to its sale.
A 99.9952% state-owned stake in one of Ukraine’s largest chemical companies, Sumykhimprom JSC, will be put up for an electronic auction on the “Prozorro.Sales” trading platform on October 13, 2026.
This decision was made by the auction commission chaired by Vitaliy Kovalenko, deputy head of the State Property Fund of Ukraine, the Fund announced on Facebook.
The State Property Fund of Ukraine (SPFU) noted that on July 8 of this year, the government approved the terms and the starting price for the sale of this stake at 1.005 billion UAH.
As previously reported, the repeat online auction for the privatization of “Sumykhimprom,” scheduled for January 13, 2026, with a price reduced by 9.3% to 1 billion 88.081 million UAH (excluding VAT), did not take place due to a lack of participants, just like the previous auction on June 11, 2025.
“Sumykhimprom represents a unique opportunity to acquire nearly 100% of the shares in an operating, high-capacity chemical complex with a wide range of products and significant production facilities for further modernization and development of export potential,” emphasized the State Property Fund of Ukraine (SPFU).
According to the terms of the tender, the new owner was required to maintain the company’s core business activities and invest at least 150 million hryvnias in technical re-equipment and production modernization. In addition, the winner must settle wage arrears and budget debts within six months, as well as overdue accounts payable—excluding debts owed to individuals and legal entities subject to sanctions and their associated parties, as well as creditors whose beneficiaries are citizens or residents of the Russian Federation and/or Belarus. The buyer must comply with social guarantees for employees in accordance with labor law requirements and prevent their dismissal for six months following the acquisition of the asset.
“Sumykhimprom” is one of the largest domestic enterprises producing compound mineral fertilizers, titanium dioxide, sulfuric acid, and other inorganic chemicals. The enterprise is among the top three revenue-generating enterprises in Sumy and the region. It produces more than 30 brands of NPK fertilizers with varying nutrient ratios for different soil and climatic zones.
For over 10 years, the plant was managed by a group of companies affiliated with Group DF, owned by businessman Dmytro Firtash. In November 2023, the Commercial Court of Sumy Oblast granted the motion filed by the State Property Fund of Ukraine (SPFU) and the Ministry of Justice and closed the proceedings in the bankruptcy and reorganization case of “Sumykhimprom.”
The SPFU had planned to sell the company to a private investor even before the full-scale war began. However, privatization was delayed due to the stance of minority shareholder Firtash, who in 2010 acquired 0.005% of the company’s shares and gained control over its management. “Sumykhimprom” accumulated debt, which led to the formation of a creditors’ committee and the initiation of a reorganization procedure.
Since 2015, the State Property Fund of Ukraine (SPFU) had been trying through the courts to halt the company’s bankruptcy proceedings, but was only able to do so in 2023, which cleared the way for privatization.
In March 2022, Russian forces shelled the plant, causing an ammonia leak. As a result, the plant was shut down for a year and resumed operations in the spring of 2023. As of June 2025, the front line was less than 30 km from “Sumykhimprom.”
According to the 2025 report, the company’s accounts payable at the end of the year amounted to 4.135 billion UAH, of which 1.292 billion UAH was debt related to the bankruptcy case initiated by the Commercial Court of Sumy Oblast in October 2011, based on the court-approved register of the JSC’s creditors.
“The company’s lack of working capital, unprofitable operations, and production downtime are causing its accounts payable to rise,” the report states.
Sumykhimprom’s revenue in 2025 amounted to 129.2 million UAH (compared to 395.9 million UAH the previous year), gross profit to 53.3 million UAH (9.9 million UAH), and net loss to 405.7 million UAH (600.2 million UAH).
“The main reason for Sumykhimprom’s unprofitable operations in 2025 was the forced shutdown of production facilities from November 2024 through July 22, 2025, and the shutdown of all structural units in the fourth quarter of 2025. In 2025, Sulfuric Acid Plant No. 5 operated for only two months,” the report states.
According to the report, due to the escalation of the dangerous situation in the region, the regional military administration did not grant permission to purchase ammonia, which prevented the company from launching its production program for complex mineral fertilizers, as envisaged in the approved financial plan for 2025.
AUCTION, CHEMICALS, PRIVATIZATION, State Property Fund of Ukraine, SUMYKHIMPROM
Revenues to the budget from state property leases in the first quarter of 2026 amounted to nearly UAH 246 million, representing 30.7% of the annual target, according to the press service of the State Property Fund of Ukraine (SPFU).
According to the agency, 164 successful auctions for the lease of state property were held in January–March, with an average price increase of 1.7 times. Additionally, 195 lease agreements were renewed, with an average increase in value of 1.01 times.
The total number of auction participants was 399.
The largest transaction in the first quarter was the lease of non-residential premises in Kyiv for 120,000 UAH/month.
As reported, in 2025, the budget received 970.6 million UAH from the lease of state property, which accounted for 97% of the annual plan.
