Galnaftogaz plans to raise $200mn after IPO on WSE
2011-05-27 16:37:12
Galnaftogaz, the Ukrainian petrol stations operator, is planning its debut on the Warsaw Stock Exchange (WSE) late in 2011 - early in 2012 to attract some USD 200 million, Galnaftogaz CEO Vitaliy Antonov has said, reads a statement placed on the WSE's information disclosure system.
"We are seriously thinking about entering the Warsaw Stock Exchange. In connection with our development plans we have great financial needs. Some of these needs we plan to meet through the issuance of shares," he said.
Сoncern Galnaftogaz is the leading Ukrainian company, basic activity of which is retail of fuel and consumer goods and services through the network of OKKO branded filling complexes.
The company is among leaders at the oil products market and is presented in 22 regions of Ukraine as well as the Autonomous Republic of Crimea. Another important direction of the company's activities is retail of consumer goods and services through the network of convenient stores, at filling complexes and outside them.
Concern Galnaftogaz is also engaged into large and small wholesale of oil products and provides storage and transporting services of fuel to third parties. Currently, the company is under robust development increasing the number of filling complexes, convenient-stores and restaurants at filling complexes.
The company is listed on the Ukrainian stock market.