Main points
- The State Property Fund plans to put up for sale four landmark enterprises in the first half of 2026, including those confiscated from Russian oligarchs.
- These assets carry significant risks for investors due to war threats and debt, but are also considered significant for the economy.
What will be put up for sale first in 2026 / Collage by Channel 24, photo Depositphotos, forbes.ua
In the next six months, the State Property Fund plans to put up for sale at least four large properties. Some of them have already been tried to be sold repeatedly, but for various reasons, the auctions did not take place.
What facilities will be put up for privatization in 2026?
The list includes the Odessa Port Plant (OPZ), Ocean Plaza, Demuryn Mining and Processing Plant, and Mykolaiv Alumina Plant, Forbes writes.
All assets are not simple, but significant. According to the OPP, the biggest reason for investors' fear is war risks. Even Firtash's debts (about $193 million) are less frightening than the location in the Odessa region,
– says the head of the State Public Health Fund Dmytro Natalukha.
He believes that assets like the OPP or the Mykolaiv Alumina Plant have a conditional value in themselves. They were conceived as part of the Soviet Union's production chain.
According to the official, they need to find an external investor, “who, with their flag and citizenship, can guarantee the security of the asset.” Natalukh cites the USA and India as examples.
What is known about the assets that are going to be sold:
- Odessa Port Plant is the largest state-owned chemical company specializing in the production of ammonia, urea, and liquid nitrogen. In September 2021, the plant suspended production due to high gas prices.
- Mykolaiv Alumina Plant is one of the largest non-ferrous metallurgy enterprises in the country. In February 2023, the court nationalized the Mykolaiv Alumina Plant and a number of other assets worth 10 billion hryvnias of Russian billionaire Oleg Deripaska.
- Ocean Plaza is a shopping and entertainment center owned by Russian oligarchs Arkady and Igor Rotenberg. In March 2023, the Supreme Anti-Corruption Court (SAC) confiscated it.
- LLC “Demurinsky GOK” is a mining and processing enterprise registered in 2001. Previously owned by Russian businessman Mikhail Shelkov, it was later arrested and confiscated under sanctions.
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Privatization news in Ukraine
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In January 2026, the privatization of Sumykhimprom again failed, despite a 9.3% price reduction to UAH 1.088 billion. Sumykhimprom is one of the three main budget-forming enterprises in Sumy and produces over 30 brands of NPK fertilizers.
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In October 2025, the State Property Fund of Ukraine sold 50% +1 shares of PJSC “Rivne Radio Engineering Plant” for almost 31 million hryvnias through the Prozorro.Sales system. The new owner is obliged to repay the plant's debts within 6 months and retain the team.
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The AVK confectionery factory in Dnipro was sold at auction due to debts, and the new owner was Kyiv-based Ilaris LLC. Ilaris LLC was registered on August 4, 2025, the ultimate owner is Maryna Rytska, and possible connections with Dnipro businessmen have not been confirmed.