A Ukrainian oil trader is actively investing to diversify its business, concentrating on the agricultural sector and electric vehicle infrastructure.

The Antimonopoly Committee of Ukraine (AMCU) has approved the Cypriot company Vi.An Holding Limited’s acquisition of the Borshchiv Agrarian Company based in the Lviv region. The beneficial owner of Vi.An Holding is Vitaliy Antonov, the founder of the Galnaftogaz group, which operates the OKKO gas station network.

Borshchiv Agrarian Company specializes in growing grains, legumes, oilseed crops, and animal breeding. The company’s authorized capital is ₴20M.

In addition, the AMCU granted permission to the Galnaftogaz concern to purchase a 50% stake in TOKA to create Ukraine’s first national network of electric vehicle charging stations. TOKA is one of the largest players in Ukraine’s electric vehicle infrastructure market, and includes over 200 stations. Since 2019, TOKA has been in collaboration with the OKKO network to install chargers at its filling stations. Galnaftogaz does not intend to interfere in the company’s operational activities, viewing the deal solely as an investment.

Antonov also recently began developing a new ski resort in the Carpathians and has shown significant interest in energy projects.