The State Property Fund of Ukraine has put the Sumykhimprom joint-stock company up for sale.
According to the press service of the State Property Fund (SPFU), the auction will take place on the Prozorro. Sales platform on June 11, 2025.
The starting price for Sumykhimprom is UAH 1.158 billion.
The enterprise is located in Sumy, and its main activity is the production of fertilizers and nitrogen compounds. As of the end of 2024, the company has debts totaling more than UAH 3.4 billion. More details about the object can be found via the link.
An auction for the privatization of the state-owned joint-stock company Construction Company Ukrbud is also scheduled for June 18, 2025. The starting price is UAH 262.65 million.
The terms of sale for both enterprises: the new owners must pay off salary arrears and debts to the budget within six months from the purchase date. Additionally, buyers must settle debts with creditors, except for debts to sanctioned individuals and creditors from Russia and Belarus. The new owner of Sumykhimprom must also pay off the debt to the Pension Fund and invest at least UAH 150 million in the modernization of the enterprise, the Ministry of Economy clarified.
"To access the information package about the large-scale privatization objects prepared by the State Property Fund of Ukraine, the potential buyer must sign a confidentiality agreement with the selected electronic platform," the SPFU added.
Based on the confidentiality agreement, the potential buyer can, in particular:
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Request additional information about the privatization object;
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Inspect the company's production facilities;
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Conduct a face-to-face interview with the company's management, etc.
