OKKO intends to buy an oil refinery in Europe
As the company's CEO explains, such plans are motivated more by optimising logistics than entering other markets
OKKO company intends to buy an oil refinery in the neighbouring countries of Ukraine.
Source. Vasyl Danyliak, the company's CEO, in an interview with Forbes.
He explains that the company is considering vertical integration rather than expansion: "It's more about optimising logistics rather than entering other markets."
Once, OKKO had already negotiated the acquisition of such a plant, but was rejected. Mr. Danyliak explains that in 2022, oil refineries earned excessive profits, so their owners are not keen to sell them now.
He does not rule out that OKKO will return to negotiations with Burger King after the war to enter the Ukrainian market on a franchise basis. "Back then, we decided that we would not sign [contracts – transl.] even with major global brands at any cost. After the war, we will definitely return to these plans," Mr. Daniliak adds.
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