The State Property Fund of Ukraine (SPF) has announced the sale of 99.5667 per cent of Odessa Port Plant JSC (OPZ, Yuzhnoye, Odessa Region) at an online auction in the system “Prozorro. Sales “25 November 2025 with a starting price of UAH 4 billion 488.523 million.
As stated in the message on the website of the Fund on Thursday, proposals for participation in the auction are accepted until 20:00 on 24 November, the amount of the guarantee fee – UAH 224.43 million.
It is noted that the object includes 45 units of immovable property and infrastructure, including greenhouse-vegetable plant, medical and health centre, “Carpathian Zori” boarding house in Yaremche and training sports water and rowing base, the total area of real estate 285.4 thousand square meters, and the total area of 32 registered land plots – 262.9 hectares, of which 252.4 hectares on the right of permanent use.
As of 30 June 2025, the company employs 1,436 people.
According to the report, OPZ’s revenue for January-June this year was UAH 322.63m, while its net loss was UAH 280.79m. in 2024, the plant increased its revenue to UAH 944.22m from UAH 494.57m a year earlier, but its net loss rose to UAH 1bn 839.3m from UAH 1bn 94.58m.
As of the middle of this year, OPZ’s wage arrears totalled UAH 184.39m, to the budget – UAH 182.44m, overdue accounts payable – UAH 16.62bn.
The winner of the auction is obliged to keep the main activities for five years and invest at least UAH 500 million, as well as to repay debts on wages and to the budget during the year, gradually repay overdue debts, provide guarantees to employees and in terms of compliance with environmental legislation.
The acting chairman of the board-director of OPZ, Yuriy Kovalskyy, said in an interview with NV Business in August this year that in August 2024 the plant’s management tried to start up one of the two ammonia units, but this step was not successful. OPZ has since been rebuilt to transship grain and this activity was the sole source of income for the company, but in late June a Russian air attack caused significant damage to storage facilities, which halted transshipment operations. According to Kovalsky, OPZ’s grain transshipment partner is trader OOO v AGRO. In marketing years 2024-2025, about 638,000 tonnes of grains were transloaded: 625,000 tonnes of corn and 12.7,000 tonnes of soybeans.
The acting chairman of the board also said that OPZ has significantly optimised costs, sold non-core assets and is actively working with creditors, in particular with Naftogaz Ukrainy, to offer a future investor a viable debt structure, which amounts to about UAH 2.5bn.
Kovalsky said that for safety reasons, OPZ has no plans to restart production in the near term, but is keeping the production lines at full technical readiness to be able to resume operations as soon as possible.
The state has tried several times to privatise the company, but to no avail.