On November 4, 2025, the State Property Fund of Ukraine will hold an auction for the privatization of a state-owned block of shares in the amount of 97.5458% of the authorized capital of JSC “Zaporizhzhya Production Aluminum Combine”. All investors who register by November 3 will be able to participate in the auction. The auction will be held on the electronic platform Prozorro.Sales.
The starting price is UAH 151.9 million. The enterprise is located in the city of Zaporizhzhia, Zaporizhzhia region, Pivdenne Shosse, 15. According to the State Property Fund, the state stake in shares is 607,446,012 pieces, which corresponds to 97.5458% of the company’s authorized capital. It also includes 29.5363% of shares in respect of which the court decided to apply sanctions in accordance with the Law of Ukraine “On Sanctions”.
The State Property Fund began attempts to sell ZALK shares at an auction in July 2024. Since then, nine privatization auctions have been announced, but none have taken place due to the lack of participants. The current attempt is the tenth.
“Zaporizhzhia Production Aluminum Combine” was in the past one of the key enterprises of non-ferrous metallurgy in Ukraine. The plant specialized in the production of primary aluminum and products made from it. Due to economic and energy problems, production was stopped in previous years, but the company retains significant industrial potential and strategic capabilities.
The State Property Fund expects that privatization will attract investments, restore production, and create new jobs in Zaporizhia.
Recall that in 2000, the State Property Fund already held an open auction for the sale of a controlling stake (68.01%) in ZALK. Then the winner of the tender was CJSC “AvtoVAZ-Invest”, which offered more favorable investment conditions than its competitors. However, the company did not fulfill its obligations to modernize production.
