KIEV, Jan. 31 ??“ Galnaftogaz, one of Ukraine??™s biggest gasoline retail chains, plans to float up to 25% shares through an initial public offering on the London stock exchange in 2007, a newswire reported Tuesday.

Galnaftogaz already conducted financial audits for 2003 and 2004 that are needed for the IPO, Interfax-Ukraine reported citing a source. The company will start preparations the IPO after it complete an audit for 2005, the source said.