The government approved the terms of the sale of the state block of shares of the state-owned oil company: starting price ₴4.5 billion

The Cabinet of Ministers has approved the terms of sale of 99.5667% of shares of the Odesa Port Plant (OPP) Joint Stock Company at an electronic auction.

The relevant order was adopted at a government meeting on August 26, the Ministry of Economy of Ukraine reports.

99.5667% of OPP shares will be put up for auction at an electronic auction. The starting price is UAH 4.489 billion.

Among the main conditions of the competition:

• preservation of the main types of activities for 5 years;

• investments from the new owner – at least UAH 500 million;

• repayment of salary and budget debts within a year;

• gradual repayment of overdue debts;

• guarantees for employees and compliance with environmental legislation.

The ministry noted that OPP is one of the key objects of large-scale privatization. In December 2024, the government began preparing and putting up for sale the state-owned stake in the OPP.

“The privatization of this plant will make it possible to resume the operation of the enterprise. The new owner and investments in such an important facility for the country will allow to resume production processes and production in wartime conditions,” the report says.

As previously reported by USM, in August 2025, the Odesa Port Plant suspended grain transshipment due to Russian shelling.