MAP is being prepared for sale: the plant in Mykolaiv was valued at $86 million

Mykolaiv Alumina Plant is planned to be put up for privatization in the fourth quarter of 2026. The approximate starting price of the enterprise is 86 million dollars.

This was reported by RBC-Ukraine, quoting the words of the head of the State Property Fund Dmytro Natalukha, which he voiced during a press conference about his first 100 days in office.

This concerns one of the key industrial enterprises of Mykolaiv, which produced alumina — the raw material for the subsequent production of aluminum. Since the start of the full-scale war the plant has effectively been idle, and earlier it was associated with Russian oligarch Oleg Deripaska.

In 2026 the State Property Fund also plans to put up for sale other large assets: “Sumykhimprom” — in the second–third quarters, Demurivskyi GZK — in the third quarter, “Odesa Port Plant” — in the third–fourth quarters, as well as the plant “Indar” — in the fourth quarter.

For Mykolaiv the sale of the MAP is not just another privatization. It is a question about the future of an entire industrial site, jobs, environmental safety and whether the state, after confiscating Russian assets, will be able to actually return them to Ukraine’s economy rather than simply sell “at auction” for the lowest possible price.

Earlier on Korabelov.info we already wrote that the Mykolaiv Alumina Plant was included in the list of objects that the state plans to put up for sale as a priority. At that time it was about the schedule for the realization of sanctioned assets approved by the Cabinet of Ministers.

Read:

• List of Deripaska’s assets that were confiscated in Ukraine

For comparison: only the confiscated 440,000 tonnes of bauxite and 110,000 tonnes of alumina related to this story were valued at more than UAH 2 billion. So the starting UAH 3.4 billion for the entire plant looks very modest.

86 million dollars for the MAP is rather a low starting price than the real value of the industrial giant. But due to the war, the plant’s downtime, the sanctioned origin of the asset and legal risks, the state is effectively selling not a “ready business”, but a complex problematic object into which the new owner will still have to invest large sums of money.

• Mykolaiv Alumina Plant will be put up for privatization among the first
• The State Property Fund is looking for a buyer for the Mykolaiv Alumina Plant who is not afraid of the war
• MAP goes under the hammer: in spring the government launches the sale of sanctioned Russian assets
• MAP – 45! The plant is silent, but the workers’ hearts speak
• The plant is blockaded, but privatization is inevitable: the future of MAP