Concorde Capital acted as a consultant in the private placement of shares of " Galnaftogaz" for $ 70 million23 December 2013
Minority shareholder of one of the largest Ukrainian fuel traders “Concern Galnaftogaz” bought out shares for $70 million from Vitaliy Khomutynnik.
Investment company Concorde Capital acted as consultant of the seller.
CEO of Concorde Capital Igor Mazepa: “This is consistent with the company’s value by multiple EBITDA by 9 times”.
In 2011-2013 “Galnaftogaz” increased its share on Ukrainian retail market of petroleum products from 13.6% to 15.1%. “Galnaftogaz” runs a network of 420 fuelling stations “OKKO”. It took the company 10 years to expand its network throughout Ukraine.
The largest shareholders are Vitaliy Antonov, the EBRD and the International Finance Corporation.