Project Description
LLC “Okkoskhidinvest” (“Okkoskhidinvest”, or the “Company”) is a joint venture between PJSC “Concern Galnaftogaz” (“Galnaftogaz” or “GNG”) and ADM Capital (“ADM”) with the objective to build/purchase and operate a network of gas filling stations in four eastern regions of Ukraine, where GNG had little presence in the past. The stations will operate under Galnaftogaz’ proprietary OKKO brand and will comply with up-to-date environmental and technical specifications. The format for OKKO stations is designed to maximize services offered to clients and, in addition to selling petroleum products, sell snacks, fast food, and other automotive-related services (car wash, car repair etc). Today, the Company has 21 operating stations
The Project is to build/purchase and operate high-volume OKKO gas filling stations and the associated increase in working capital to bring the total network of the Company’s stations to 80 stations (the “Project”). The total Project cost is estimated at US$165 million.