State-owned Privatbank, one of Ukraine's largest banks, has announced the successful sale of what was once one of the largest gas station chains in Ukraine. The chain was previously owned by businessman Ihor Kolomoisky, who was once a key player in the country's energy market.
245 gas stations were sold through an auction for UAH 695.9 million, $17 million, or less than $70,000 per gas station, which, according to market operators, is very inexpensive.
The purchase price at the auction was only 0.3% higher than the starting price.
The buyer was Igor Suprunenko's company Max Energo Resurs, which the media calls "little-known." Few people on the market have heard of such a company.
Suprunenko said that he started importing fuel after the Russian invasion, when the market was restructured to supply from Europe. He claims that he works with partners alone and is not part of oligarchic groups.
According to him, they bought Kolomoisky's gas stations with the aim of developing the network.
According to him, in the next six months, it is planned to launch up to 60 gas stations, and then the same number more.
