A company listed on the New York Stock Exchange has shown interest in the Mykolaiv Alumina Plant

The Mykolaiv Alumina Plant has attracted the interest of a company whose shares are traded on the New York Stock Exchange. This was reported by LIGA.net citing an interview with the head of the State Property Fund of Ukraine, Dmytro Natalukha.

The State Property Fund plans to put several large confiscated assets up for sale in 2026, among them the Mykolaiv Alumina Plant. They are preparing 100% of the enterprise for privatization. Among companies whose shares are traded on the NYSE and that operate in the aluminum sector, they name Reliance Inc, Luxfer Holdings PLC and Alcoa Corporation. At the same time, Alcoa is a specialized aluminum producer.

In January 2026, the head of the State Property Fund (SPFU) became People’s Deputy Dmytro Natalukha, who had previously chaired the parliamentary committee on economic development. In an interview with LIGA.net he spoke about large state assets, including MAP, Ocean Plaza, the Odesa Port Plant and other facilities that the state is trying to return to economic circulation.

The Mykolaiv Alumina Plant previously belonged to structures of Russian oligarch Oleg Deripaska. In 2023 the High Anti-Corruption Court ruled to seize the enterprise for the benefit of the state under sanctions, and since 20 March 2024 the State Property Fund of Ukraine became the sole founder of the plant.

Production at the MAP remains halted. As LIGA.net previously wrote, the company’s operations were suspended due to the blockade of Mykolaiv’s seaports and the risks of shelling. The plant is the only producer of alumina for aluminum in Ukraine.

Earlier Natalukha said that for assets such as the Odesa Port Plant and the Mykolaiv Alumina Plant, the SPFU will look for an investor with a “strong flag” — that is, one whose status, citizenship or international reputation could serve as an additional guarantee of the site’s security in wartime. According to him, the MAP creates value but is an intermediate link from resource to a value-added product. Therefore, the State Property Fund is considering the option of an external investor who could integrate the enterprise into a global production chain.

The Cabinet previously simplified the mechanism for selling sanctioned assets that have become state property. Among the key objects on the list were named Ocean Plaza, the Mykolaiv Alumina Plant, the Zaporizhzhia Aluminum Production Combine, the Kalush Pipe Plant, Demurinsky GOK and other assets.

Previously we reported:

• Investors are already taking an interest: Kim announced plans to relaunch the MAP and build an aluminum plant
• The State Property Fund is looking for a buyer for the Mykolaiv Alumina Plant who is not afraid of the war
• Kim announced the transfer of special machines to the MAP to combat dust from tailings
• “Rusal”, the former owner of the MAP, reported a loss of $455 million
• The court will decide: the Ministry of Justice wants to confiscate the MAP and other Deripaska enterprises in Ukraine