Galnaftogaz To Receive USD 50 mln Loan

Galnaftogaz (GLNG: U/R), the holding company for one of Ukraine’s fastest growing gas station chains OKKO, announced yesterday that it plans to sign a contract on May 18, with Raiffeisen Bank Aval for a USD 50 mln loan. Terms of the agreement were not disclosed. According to Galnaftogaz spokesman Oles Pogranichny, the company plans to use the funds for the expansion of its OKKO chain.