Ukraine is pressing ahead with one of its most ambitious privatisation programmes since the war began in 2022, seeking to attract private capital into strategically important industrial enterprises while generating revenue for post-war reconstruction and reducing the state's role in the economy, reported Ukraine Business News.

The government has approved the terms for the sale of the state-owned Odesa Port Plant, two industrial assets confiscated under sanctions legislation and, separately, has set a new auction date for chemical producer Sumykhimprom, signalling renewed momentum in efforts to revive large-scale privatisation despite the continuing war.

The largest transaction in the current privatisation wave is expected to be the sale of the state's stake in the Odesa Port Plant, one of Ukraine's best-known chemical enterprises and a long-standing but repeatedly delayed privatisation target.

The asset will be offered through an open electronic auction with a starting price of more than UAH4.3bn ($96mn). To ensure the enterprise continues operating after the sale, the government has attached investment conditions requiring the successful bidder to spend at least UAH500mn on modernisation and energy-efficiency improvements while maintaining the plant's core production activities.

The inclusion of mandatory investment obligations reflects a shift in Ukraine's privatisation policy from simply raising budget revenue towards attracting strategic investors capable of restoring production and improving industrial competitiveness.

The government has also approved the sale conditions for two assets transferred to state ownership under Ukraine's sanctions legislation.

Demuryn Mining and Processing Plant will be auctioned with a starting price of UAH1.82bn, while Motordetal-Konotop, an engineering enterprise, will enter the market with a starting price of UAH415.5mn.

Unlike traditional privatisation proceeds, revenue from these sales will be channelled directly into the Fund for the Elimination of the Consequences of Armed Aggression, which finances Ukraine's reconstruction and recovery efforts following damage caused by Russia's invasion.

Separately, the State Property Fund has announced that an electronic auction for the state's 99.9952% stake in chemical producer Sumykhimprom will take place on Oct. 13, 2026.

The auction will mark the government's third attempt to privatise the company after previous efforts failed to attract a buyer. Officials have lowered the starting price to UAH1.005bn, around UAH83mn below the previous valuation, in an apparent effort to improve investor interest.