"Western Oil Group" received permission from the Antimonopoly Committee of Ukraine to acquire 60% of the statutory fund of "Trading House Continuum-Galicia"

Economy · 16:18 20.01.2006

On January 19, JV "Western Oil Group" received permission from the Antimonopoly Committee of Ukraine to acquire 60% of the charter fund of LLC "TD "Continium-Galychyna," the press service of JV "Western Oil Group" reported to the Western Information Corporation.

"In order to increase the efficiency of asset management and increase the company's value, JV "Western Oil Group" is diversifying its activities in the direction of retail trade in petroleum products and is becoming one of the founders of LLC TD "Continium-Galychyna."

LLC "Trading House "Continium-Galychyna" began its activities on the oil market in February 2004. The company leases filling stations from JV "Western Oil Group" and operates under the WOG trademark in accordance with a license agreement. Today, branches of the Trading House operate in Zakarpattia, Dnipropetrovsk, Kyiv, Khmelnytskyi, Cherkasy, Ternopil, and Lviv oblasts. The company carries out small-wholesale and retail trade in petroleum products through a network totaling 78 filling stations. In total, 232 filling stations operate under the WOG trademark on the territory of Ukraine and in 16 regions of Ukraine.

By the end of February this year, the company will build and commission 10 filling stations; the construction plans through the end of this year include 60 filling stations.

JV "Western Oil Group," founded in September 2000, is the owner of the WOG trademark," the report states.

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"Western Oil Group" received permission from the Antimonopoly Committee of Ukraine to acquire 60% of the statutory fund of "Trading House Continuum-Galicia"

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