OKKO Group (OKKO Group) plans to start practical implementation of an agro-processing plant expansion project and a renewable “green” energy project worth about $120 million and $200 million respectively in western Ukraine in the fall of 2023, CEO Vasyl Danilyak said.
“We have not abandoned the large projects with large investments that we had previously planned. We are continuing them. We want to start a big agro-processing project this fall,” – he said in “Business Dialogue” in Kiev on Thursday, organized by NV Media Holding.
Danylyak specified that in 2021-2022 this agrarian project, which is directly related to the business of the group, had been working with consultants, Ukrainian and international projectors, and it has not yet required investment.
CEO specified that geographically the enterprise is located in Ternopil region, where “OKKO” previously had a huge production site and managed to transform it for this project.
According to him, the renewable “green” energy project was bought from partners at the Ready To Build stage.
“Geographical “stops” for investments we have set ourselves, geographical safety we want to get,” Danilyak explained the choice of western Ukraine for the implementation of these projects.
OKKO Group includes more than 10 diversified businesses in manufacturing, trade, construction, insurance, services and other services. The agricultural business unit “OKKO-Agrotrade” and the concern “Khlibprom” work in the sphere of agriculture. The flagship company of the group is Concern Galnaftogaz, which operates one of the largest petrol filling networks in Ukraine under the brand “OKKO”.
The majority shareholder of the company is Vitaliy Antonov. The European Bank for Reconstruction and Development (EBRD) is among the minority shareholders.
