PROJECT

Projects

Summary of Investment Information

Project Number

31723

Company Name

Okkoskhidinvest, TOV

Date SPI Disclosed

Jul 26, 2012

Country

Ukraine

Region

Europe

Projected Board Date

Aug 28, 2012

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Dec 18, 2012
Signed : Dec 20, 2012
Invested : Mar 5, 2013

Sector

Other Petroleum and Coal Products

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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation