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                        THURSDAY, NOVEMBER 26, 2020
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SCM sells gas filling station chain Parallel to Oilinvest 2020
Journal Staff Report

KYIV, Nov 16 SCM, owned by the wealthiest Ukrainian businessman Rinat Akhmetov, sold its gasoline filling station chain Parallel to Oilinvest 2020 LLC, a Kyiv-based investment group, the company reported Monday.

The value of the deal was not disclosed.

The transaction represents a switch for Akhmetov away from lucrative gasoline retail operation at a time when his other capital-intensive coal mining companies had experienced coronavirus-induced default in April.




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