State Property Fund to auction off part of Kirovohrad Mining Administration seized from Kabargin

State Property Fund to auction off part of Kirovohrad Mining Administration seized from Kabargin
State Property Fund to auction off part of Kirovohrad Mining Administration seized from Kabargin

Auction appointment and trading conditions

The State Property Fund of Ukraine has announced the holding of an auction on 3 November. The object of the trade will be 52% of the shares of the Kirovohrad Mining Administration. This stake was confiscated from Russian billionaire Serhiy Kabargin by a decision of the Higher Anti-Corruption Court (VACS).

The starting price of the lot is set at 18.04 million hryvnia. In the event of no buyers at the first session, a repeat auction will be held with a 50% reduction in the initial value.

Company profile and financial condition

The Kirovohrad Mining Administration specialises in the extraction of kaolin. According to data, 44 people work at the enterprise. In the first half of 2026, losses of over 3 million hryvnia were recorded. The company also has overdue credit obligations amounting to over 11 million hryvnia.

Links with Russian structures

According to information provided by the Security Service of Ukraine, Kabargin's company was used to supply Ukrainian raw materials to sanctioned structures of the Russian corporations "Rosatom" and "Lukoil".

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