(KYIV, UKRAINE) – The Ukrainian government has approved new conditions for the sale of a 99.9 percent state owned stake in Sumykhimprom, setting a starting price of just over 1 billion Ukrainian hryvnia at an electronic auction. The decision was formalised in a government order dated 8 July 2026 and published on the official government portal.
The order covers the sale of 1,738,665,246 ordinary registered shares, representing 99.9952 percent of the company’s charter capital. The starting price has been fixed at 1,005,020,469 hryvnia. At current exchange rates, this is equivalent to approximately 27.1 million US dollars or 21.4 million British pounds.
The new price marks a reduction from the previous starting figure. An earlier government order from October 2025 had set the starting price at 1.088 billion hryvnia, roughly 29.4 million US dollars or 23.2 million British pounds. That order has now been revoked, clearing the way for a fresh attempt to sell the asset under revised terms.
Sumykhimprom is a major Ukrainian chemical enterprise that produces mineral fertilisers, among other products. The government has tried several times to privatise the company through the State Property Fund. The latest push comes as the authorities expect to collect around 13 billion hryvnia from privatisation this year, according to earlier comments by Yulia Svyrydenko, First Deputy Prime Minister and Minister of Economy. That sum equals about 351 million US dollars or 277 million British pounds.
To make the asset more attractive to potential buyers, the government has also introduced a scheme to compensate agricultural producers for part of the cost of purchasing domestically produced fertilisers. This measure is expected to support demand for Sumykhimprom’s products and improve the company’s commercial outlook.
The privatisation of large state owned enterprises remains a priority for Ukraine’s government as it seeks to reduce the state’s direct role in the economy, raise funds for the budget and attract private investment into industrial assets. Sumykhimprom, with its established production base and position in the agricultural supply chain, is seen as one of the more significant chemical sector assets on offer.
No details of potential bidders or a timeline for the auction were provided in the government order. The sale will be conducted via an electronic auction, in line with Ukraine’s privatisation procedures designed to ensure transparency and broad participation.
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