Three state giants have fallen under Ukraine’s big privatization.

According to the head of the State Property Fund (SPFU), Rustem Umerov, these are the United Mining and Chemical Company, the Odesa Port Plant, and Centerenergo.

The Odesa Port Plant, located in Yuzhne, is a large ammonia and urea producer. The plant was identified as the flagship of large-scale privatization; however, three attempts to sell it were unsuccessful.

The United Mining and Chemical Company previously sold its products to more than 30 countries globally and was one of the largest producers of raw materials for titanium production, occupying 4% of the world market in terms of titanium ore production volumes. In 2021, the SPFU postponed its privatization three times.

In 2018, the state property fund planned to hold an auction for the sale of the state-owned stake of 78.2% in Centrenergo at the starting price of UAH 5.9B but later canceled the auction due to the non-compliance within the documentation submitted by the participants with the requirements of the law.