The price of a gas station can vary from $800 thousand to $1 million, which in total is about $105-132 million for 132 gas stations, said Sergey Kuyun.
The chances of a successful sale of the nationalized part of Shell’s petrol stations are minimal. The director of A-95 Consulting Group, Sergei Kuyun, wrote about this on Facebook on Monday, November 18.
“In my opinion, SPF’s chances of selling this asset are still minimal,” he said.
According to the expert, the price of a gas station can vary from $800,000 to $1 million, which costs about $105-132 million for 132 gas stations, of which about 120 are currently operating. At the same time, Shell has announced investments worth $460 million in your business in Ukraine. This means that the potential buyer risks losing a large part of the invested funds.
Kuyun also noted that the problem is not only the price, but also the state of the market during the war. About 10% of the network is no longer operational due to danger to personnel. The network itself cannot compete with Ukrainian players due to a lag in marketing and strict compliance with regulations and 100% payment of high taxes.
“Shell has been unprofitable in Ukraine for a long time, and its sales barely cover costs,” he pointed out.
According to Kuyun, joint ventures are not viable in Ukraine, and therefore it will likely be difficult for SPFU to find a buyer for Shell’s share.
He believes that everything largely depends on Shell itself: whether it decides to buy the stake itself or sell its part.
“It’s a classic suitcase without a handle,” the expert sums up.
We remind you that in early November, part of Shell gas stations was nationalized in Ukraine. The State Property Fund became the owner of 49% of the authorized capital of Alliance Holding LLC, which manages the network of gas stations. Previously, this part belonged to the Russian Eduard Khudainatov, who was subjected to sanctions after the start of a full-scale Russian war against Ukraine.
Currently, the State Property Fund is preparing to put the nationalized 49% of the Shell gas station network up for privatization. The auction will be held on the Prozorro.Sales electronic system.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.