OREANDA-NEWS. On April 06, 2009 The process of transfer of 47 filling stations under TM Gefest and 1 filling station under TM PitStop into management of Parallel has been completed. These assets used to be controlled by Germes, reported the press-centre of SCM.

As the result of this transaction the number of companies controlled by Parallel increased from 20 to 68 and geographical coverage expanded from 1 to 8 regions of Ukraine (mostly eastern and central regions of the country). 20 filling stations operate in the premium segment (TM Parallel), 47 filling stations target average consumers (TM Gefest) and 1 filling station is of the city format (TM PitStop).

Director of Parallel, Dmitriy Kulik, notes that the new assets present a good addition to the SCM Group business. "We have made an important strategic step aimed at building a strong and efficient business in the area of oil product sale. By expanding our business we get new possibilities to strengthen the positions of our brands on the market due to expense optimization, in particular, expenses relating to procurement and logistics", he stated.

Filling station network under TM Gefest targets average consumer segment. This completely corresponds to the present consumer preferences on the fuel market. Thus, even today, in this hard economic situation, we can expect high level of sales", added Mr. Kulik.

Please, note that the authorized capital of Parallel-M Ltd is controlled by Parallel Nafta LTD, a subsidiary of the Industrial Group System Capital Management.