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IFC to issue up to $85 million to expand OKKO eastern Ukraine chain
Journal Staff Report

KIEV, Jan. 15 - The International Finance Corporation has approved the issue of up to $85 million to OKKOSkhidinvest LLC (Lviv), a joint venture created by OJSC Galnaftogaz Concern and ADM CEECAT Recovery Fund, to expand the OKKO fuel filling station chain in eastern Ukraine.

The IFC's representative office in Ukraine told Interfax-Ukraine that the necessary documents are currently being prepared for signing.

It is assumed that OKKOSkhidinvest will increase the number of fuel stations from 21 to 80 units through the acquisition of existing ones or the construction of new stations in the four eastern regions, including Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk, where the OKKO chain is poorly represented.




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