OREANDA-NEWS. On 14 August 2009 was announced, that Galnaftogaz (GLNG) said it plans to increase its number of filling stations by 346 to 638 by 2013. According to Yuriy Kuchabsky, Galnaftogaz' vice president for commercial affairs, the company already owns a number of land plots on which it plans to construct the stations, thus new investments will be directed to actual construction of the facilities. Kuchabsky said that in late 2008 one station could recoup investments within seven years, but now the company is looking to build stations that can payback investments in no more than five years.

Concorde Capital: we are more conservative and forecast Galnaftogaz to increase its chain to 500-550 by 2013. This growth could be partially funded by the European Bank for Reconstruction and Development's capital injection; in July the EBRD agreed to provide USD 50 mln to the company in two stages in December 2009-January 2010 and later in 2010.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.