OREANDA-NEWS. October 11, 2011. Investment fund ADM Capital and Concern Galnaftogaz have signed USD 35 mln investment agreement. Attraction of investment was structured by means of establishment of a joint venture, founders of which are ADM Capital and Concern Galnaftogaz. Legal support of the transaction was backed by: "Deloitte", "Clifford Chance" and "Herbert Smith".

"Despite volatile financial market situation, our company actively realizes its ambitious program of OKKO branded filling stations (“FS”) network development, – vice president of Concern Galnaftogaz Vasyl Danylyak says. – Our project with ADM Capital is another important step in order to implement given development program, because it will allow us to further extend OKKO branded FS network in those regions of Ukraine, where our presence, currently, is not significant. This refers to Dnipropetrovsk, Donetsk and Luhansk regions, where our network, in total, comprises of 13 FS"

In accordance with Strategic plan of development of Concern Galnaftogaz, until 2016 the company plans to increase its ОKKО branded network to 550 FS.

"It’s not our first year of cooperation with investment fund ADM Capital, which, by the way, specializes in emerging markets investments. We are happy that even under conditions of uncertainty in the European capital markets, private investors do not see any barriers for the purposes of implementation of successful investment projects in Ukraine, – stressed the partner of "Deloitte" Hryhoriy Pavlotskyi. – We also are grateful to our partners – international law firm Herbert Smith for legal support from English law point of view".

Let us recall, that on the 5th of September 2011 Concern Galnaftogaz signed a package of financing agreements for a total consideration of USD 190 mln with a number of reputable international banking institutions. The arrangers of the financing were EBRD and IFC. Among the other creditors, apart from the arrangers, are: BSTDB, ING and Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

Investment fund ADM Capital for over 12 years invests into emerging markets. During that time, the fund invested USD 1.75 bln in 17 countries. Robert Appleby and Christopher Botsford founded investment fund ADM Capital in late 1998 during Asian financial crisis. ADM Capital has realized plenty of investment projects in Asia and, lately, is actively expanding its presence onto CEE and Turkey.