OKKO Group

What OKKO Group does

OKKO Group is one of Ukraine's largest privately held economic holdings, founded in 1997 by Vitaliy Antonov and operating across fuel retail, alternative energy, agriculture, food production, construction, real estate, security services, and tourism. The flagship asset is Concern Galnaftogaz, which operates 410+ OKKO-branded filling stations with approximately 18.5% market share in light petroleum products, complemented by in-station convenience retail and food service brands (Hot café, A la minute, Pasta Mia, Meiwei) plus the Fishka multi-partner loyalty program serving 9+ million Ukrainian consumers. The holding employs approximately 15,000 people across all regions of Ukraine and was ranked 7th among Ukraine's 200 largest private companies by Forbes Ukraine.

Revenue is generated through multiple streams: fuel retail and wholesale (petroleum products, LPG, natural gas, electricity licenses), in-station food and convenience retail, bakery and coffee production via Concern Khlibprom (5 facilities, 160 tons/day), agricultural forward programs via OKKO Agrotrade (300+ producers, 32,000 ha via Gadz Agro JV), thermal energy production through 72 boiler houses (140+ MW), security services through Efort (3,470 secured facilities, 1,256 personnel), construction services through Progrestekhbud, office leasing via Business City Technopark (63,000+ sqm), and resort development through GORO Mountain Resort. Underlying technology includes the proprietary Smart Kitchen digital management platform for food service synchronization, the OKKO PAY mobile payment system, OKKO B2B mobile application for fleet management, and 100 Ultra Fast EV chargers deployed at 63 stations. Customers span individual consumers and fleet operators (primary segment), agricultural producers, wholesale fuel buyers, B2B corporate clients, retail and food service businesses, and IT/corporate office tenants.

Name

OKKO Group

Legal name

OKKO Group

Website

https://okko-group.com.ua

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

OKKO Group is a privately held Ukrainian holding founded in 1997, operating 410+ fuel stations with ~18.5% market share, plus alternative energy, agriculture, bakery production, construction, security, and tourism businesses serving Ukrainian consumers, agribusinesses, and corporate clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Lviv

HQ country

Ukraine

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fuel Retail: Sale of petroleum products (gasoline, diesel, LPG) through 410+ OKKO filling stations. Includes retail sales at stations, wholesale fuel sales, and fuel quality testing, storage, and transportation services. The company also has licenses for natural gas and electricity supply.
2. Convenience Retail and Food Service: Sale of goods through stores at filling stations, and operation of food service outlets under brands Hot café, A la minute, Pasta Mia, and Meiwei. The largest network of on-road dining establishments in Ukraine.
3. Bakery and Food Production: Production and sale of bakery products (up to 160 tons daily under Agrola, Vinnytsiakhlib, 2GO, Bandinelli, Panerini, Ljublyana, and Juni brands), flour milling, and semi-finished bakery products through Khlibprom's 5 production facilities.
4. Agribusiness and Agrotrade: OKKO Agrotrade provides forward programs for farmers, supplying fuel, fertilizers, and financial resources in exchange for future harvest. Joint venture with Gadz Agro manages 32,000 hectares of agricultural land with expansion planned to 100,000 hectares.
5. Alternative Energy: Industrial solar PV plant acquired in 2023, construction of 150 MW wind farm ($85-90 million investment), 20 MW energy storage system, bioethanol plant ($120 million, processing 250,000 tons of corn annually, producing 83,000 tons of bioethanol per year from H2 2026).
6. Mountain Resort and Tourism: GORO Mountain Resort development with planned 41 ski slopes (75 km), 17.5 km of lifts, 25 hotels (5,500 rooms) on 1,200 hectares. Total investment estimated at $1.5 billion. GORO Development manages hotel real estate portfolio of 25 hotels, 5,150 rooms.
7. Energy Saving Solutions: Production and supply of thermal energy through 72 boiler houses in 8 regions (140+ MW capacity). Services include reconstruction of old and installation of new modular boiler houses running on alternative fuels (wood chips, pellets, sunflower husks) and natural gas.
8. Security Services: Efort economic security agency provides physical and dispatch security for 3,470 facilities, security and fire alarm systems, access control, video surveillance, and cargo escort services.
9. Construction Services: ProgresTechBud serves as general contractor for industrial, commercial, and residential construction projects. In 15 years: 110,000 m2 residential, 20,000 m2 office premises (B, B+ class), 40 filling stations.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

OKKO Group is a diversified Ukrainian holding whose core offering is fuel retail through 410+ OKKO filling stations (Concern Galnaftogaz, ~18.5% market share in light petroleum products), combined with on-site convenience retail and the largest on-road food service network in Ukraine (Hot café, A la minute, Pasta Mia, Meiwei). The holding also operates agricultural forward programs, bakery production (Khlibprom, 160 tons/day), renewable energy projects, construction, security services, mountain resort development, and office real estate.

Product overview

OKKO Group is a diversified Ukrainian holding company with over 10 businesses spanning fuel retail, renewable energy, agriculture, food production, construction, security services, and tourism. The flagship business is Concern Galnaftogaz (OKKO Network), one of Ukraine's largest fuel retail networks with 410+ filling stations, complemented by food service brands (Hot café, A la minute, Pasta Mia, Meiwei) and the Fishka loyalty program (9+ million participants). The holding operates renewable energy projects including wind farms (150 MW and 185 MW planned), solar installations, and a bioethanol plant (83,000 tons/year capacity). Agricultural operations include OKKO Agrotrade's forward programs and the Gadz Agro joint venture (32,000 hectares). Food production is handled by Concern Khlibprom (5 facilities, 160 tons/day output) with its Harmony Sentivi coffee brand. Construction is managed by Progrestekhbud, while GORO Mountain Resort and GORO Development represent the group's major tourism and real estate investments ($1.5 billion resort project). Additional businesses include Energy Saving (72 boiler houses, 140+ MW), Business City Technopark (63,000+ sqm office space), and Efort security agency (3,470 secured facilities).

Differentiator

Problem solved

Functional benefit

Brands

• Hot café: Restaurant brand operating at OKKO filling stations
• A la minute
• Pasta Mia
• Meiwei
• OKKO PAY
• OKKO Drive
• OKKO Coworking
• Smart Kitchen
• Pulls 100
• Agrola
• Vinnytsiakhlib
• 2GO
• Bandinelli
• Panerini
• Ljubljana
• Juni
• Harmony Sentivi
• Gadz Agro
• GORO Ascent
• GORO Reforest Day

Products and services

• OKKO Fuel Station Network (Concern Galnaftogaz) One of Ukraine's largest fuel retail networks with approximately 18.5% market share in light petroleum products. The network comprises 410+ filling stations under the OKKO brand, offering fuel sales, convenience stores, food service under Hot café, A la minute, Pasta Mia, and Meiwei brands, as well as fuel quality inspection, storage, and transportation services.
• GORO Mountain Resort A new all-season mountain resort of international format located near the Vysokyi Verkh mountain range in Lviv region. The resort spans nearly 1,200 hectares with plans for 41 ski slopes (75 km), 17.5 km of lifts including Ukraine's longest 2.8 km gondola, and 25 hotels with 5,500 rooms. Total investment estimated at USD 1.5 billion.
• Alternative Energy Division Renewable energy operations including a 20 MW energy storage system, 150 MW wind farm with 25 turbines, 185 MW wind farm project, and a bioethanol plant processing 250,000 tons of corn annually with capacity of approximately 83,000 tons of bioethanol per year.
• Energy Saving Division Thermal energy production and supply operations managing 72 boiler houses across 8 regions with total capacity exceeding 140 MW. The division installs and reconstructs modular boiler houses running on alternative fuels (wood chips, firewood, pellets, sunflower husks) and natural gas.
• OKKO Agrotrade Agricultural division providing high-quality fuel, fertilizers, financial resources, and sales guarantees for agribusiness. Operates forward programs with over 300 agricultural producers managing 500 to 30,000 hectares each.
• Concern Khlibprom Bakery Production One of Ukraine's largest bread market enterprises with 5 production facilities (2 bakeries in Lviv, semi-finished products plant, Vinnytsiakhlib, and Yavirmlyn flour mill) producing up to 160 tons of bakery products daily under Agrola, Vinnytsiakhlib, 2GO, Bandinelli, Panerini, Ljubljana, and Juni brands.
• GORO Development Investment and development company responsible for concept creation, construction, and hotel infrastructure development for GORO Mountain Resort. Manages the largest integrated portfolio of resort hotel real estate in Ukraine: 25 hotels, 5,150 rooms, with total capacity of 13,000 guests per day.
• Progrestekhbud Construction Services Construction company specializing in industrial, commercial, residential, and social infrastructure projects. Acts as general contractor with over 20 years of experience constructing factory spaces, residential buildings, office premises, and filling stations. Has built 110,000 sqm residential, 20,000+ sqm office space, and 40 fuel stations.
• Efort Security Agency Economic security agency specializing in security services, security and fire alarm systems, access control and video surveillance, cargo security and escort services. Currently secures 3,470 objects with 1,256 security personnel.
• Business City Technopark Large-scale technopark project in Lviv comprising 8 modern office buildings with total area over 63,000 sq. meters. Offers Class B, B+, and A office space rentals from 100 to 2,000 square meters for clients including SoftServe, Oracle, Tieto Ukraine, KPMG, Raiffeisen Bank Aval, MHP, and Imperial Tobacco Ukraine.

Quantifiable outcome

• 20% increase in order fulfillment speed using Smart Kitchen system
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered flagship, key and core.

• Doppelmayr GroupflagshipTechnology or IntegrationAustrian company - global leader in ropeway transport systems. Contract signed for supply and installation of gondola lift for GORO Mountain Resort's first phase. Gondola will be 2.8 km, Ukraine's longest. Total cable car systems investment EUR 47 million, with EUR 20 million for gondola. Doppelmayr has over 15,800 installations in 98 countries.
• PKF HospitalitykeyStrategic or Co-development PartnerAustrian world-class expert engaged by OKKO Group for investment analysis and concept development for GORO Mountain Resort international format.
• ILF GroupkeyStrategic or Co-development PartnerAustrian experts engaged for master plan and ski infrastructure development for GORO Mountain Resort.
• DEMACLENKOkeyTechnology or IntegrationInternational company contracted for creation of automated snowmaking system for GORO Mountain Resort, one of key components of winter infrastructure.
• MelittakeyChannel Partner/ Reseller/ DistributorExclusive partner in Ukraine for Melitta - manufacturer of high-tech coffee machines.
• RomboutskeyChannel Partner/ Reseller/ DistributorExclusive partner in Ukraine for Rombouts - coffee manufacturer.
• WMFkeyChannel Partner/ Reseller/ DistributorPartnership with world leader in automatic coffee machines WMF. Khlibprom became first Ukrainian manufacturing enterprise to launch 'Coffee and Pastry from One Source' exclusive project for customers.
• GORO DevelopmentcoreStrategic or Co-development PartnerInvestment and development company responsible for concept creation, construction, and development of real estate within GORO Mountain Resort. Manages integrated portfolio of 25 hotels, 5,150 rooms, 13,000 guest capacity daily.

Scale indicators29 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• SOCAR Energy Ukraine: SOCAR Energy Ukraine is the local subsidiary of Azerbaijan's state oil company, operating fuel retail stations and supplying petroleum products in Ukraine. It competes head-to-head with OKKO in fuel retail and shares a similar multi-segment convenience offering.
• AMIC Energy Ukraine: AMIC Energy operates a fuel retail network in Ukraine offering gasoline, diesel, LPG, and convenience services at filling stations. It is a direct competitor to OKKO's Galnaftogaz concern in the Ukrainian petroleum retail market.
• BRSM-Nafta: BRSM-Nafta runs a fuel retail and wholesale network across Ukraine with filling stations and petroleum product distribution. Comparable to OKKO as a domestic Ukrainian fuel retailer with both retail and wholesale operations.
• KLO: KLO operates a Ukrainian network of fuel filling stations with convenience retail and food service. It is a direct competitor to OKKO in the Ukrainian light petroleum products market with overlapping customer base and station format.
• WOG: WOG operates one of Ukraine's largest fuel retail networks of approximately 450+ filling stations, with convenience stores and food service. It is OKKO's primary direct competitor in Ukrainian fuel retail and most closely comparable in scale, product mix, and go-to-market.

Broad incumbents

• DTEK: DTEK is Ukraine's largest private energy company, operating in coal mining, electricity generation, renewables, and energy distribution. Comparable to OKKO as a major Ukrainian diversified energy holding, though DTEK is much larger and focused on power rather than retail fuel.
• TotalEnergies: TotalEnergies is a global integrated energy company with significant fuel retail operations across Europe and a growing renewable energy and EV charging portfolio. Comparable to OKKO in fuel retail scale and in the strategic diversification toward alternative energy.
• PKN Orlen: PKN Orlen is Central Europe's largest fuel retailer and integrated energy company with 3,000+ stations across Poland and neighboring countries. Comparable to OKKO as a fuel retail-led conglomerate that has diversified into renewables and convenience retail.
• Shell: Shell is one of the world's largest integrated oil and gas companies with a global network of fuel retail stations, EV charging, and convenience retail. Comparable to OKKO as a broad incumbent in fuel retail, EV infrastructure, and renewable energy.

Others

• SCM Holdings: SCM Holdings is one of Ukraine's largest diversified business groups, with interests in steel, mining, energy, telecoms, and finance. Comparable to OKKO as a large Ukrainian private holding, though SCM's portfolio is heavier in heavy industry and capital goods rather than consumer-facing fuel retail.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries10 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OKKO Group